toronto condos

New Condo Sales in GTA Hit Lowest Level Since 2009 Recession in Q2-2020

According to a survey carried out by Urbanation Inc. during the pandemic, the sales of new condominium apartments in the GTA totaled 1,385, which rounds up as the lowest sales volume since the first quarter of 2009 in which only 885 units were sold. The sales of new condos fell by 85% year-over-year as during the quarter, 1,176 units and 6 projects were available for sale. Meanwhile, in Q2-2019, there were 11,415 condos and 40 projects. (more…)