A total of 155 new condo units sold across the Greater Toronto Area in September, according to BILD numbers, with prices hitting a possible bottom.

Just 28 new condo units sold in the old city of Toronto in September, and 155 across the Greater Toronto Area, as the market continues to hit historic lows, with prices hitting a possible bottom.

That’s according to monthly data, compiled by Altus Group on behalf of the Building Industry and Land Development Association (BILD).

“It’s worse than the 1990s,” said BILD spokesperson Justin Sherwood. “We have a serious issue on our hands relative to being able to produce housing at a rate that people can afford to buy.”

The numbers are way less than what’s expected in a normal September at 90 per cent below the 10-year average. Real Estate

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