GTA high-rise development land transactions plunge in Q2 - Real Estate News EXchange

The GTA High Rise Land Insights Report from Bullpen Research & Consulting Inc. and Batory Management found that the number of transactions for high-density development land in the Greater Toronto Area (GTA) continue to drop, and the average estimated land price on a per-buildable-square-foot basis was the lowest since the first report in 2017. This is due to the 10 interest rate hikes by the Bank of Canada, which has caused a softening in the market for new condominiums. However, there is still demand and the sector has shown an ability to bounce back. There were 19 transactions in Q2 20

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