Toronto's condo sales have hit a new low for the month of September with just 53 new condo units sold in the city as the market continues to face consequences due to housing affordability.

Just 155 condo units were sold across the Greater Toronto Area last month, down 44 per cent from September 2024 and 90 per cent below the 10-year average, according to data by Altus Group on behalf of the Building Industry and Land Development Association (BILD) released Tuesday.

BILD’s CEO said the sales are low because of the high cost of building due to government fees and taxes.

“The September numbers are reinforcing a trend we've seen for the last almost two years where we're 85 per cent below the 10-year average, both in condo sales across the region, but also in single family sales across the r

See Full Page