Condo Market Crash in the Making

Condo Market Crash in the Making Only 137 new condos were sold across the entire Toronto region in May — that’s a jaw-dropping 75% drop year-over-year. It’s not just low… it’s lockdown-era low. This is a big deal because developers need to presell a certain percentage of units before they can even break ground. If sales stay this low, condo construction will grind to a halt — and that sets the stage for a supply shortage down the line. It’s a classic boom-bust setup. Oversupply now, shortage later. That’s when prices spike again. The question is: when’s the right time to get in? 👉 Reach out if you want help timing your entry into the condo market.