ASHWIN RANINGA
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Summa Property Management Inc.
3089 bathurst Street suite 218
3089 bathurst Street suite 218
03/14/2026
Toronto’s new condo market has slowed to levels not seen in more than three decades. Sales of newly built condos dropped 60% in 2025 to just 1,599 units, according to Urbanation — the lowest annual total since 1991.
The decline marks a dramatic shift from the peak years of the market. New condo sales are now down about 95% compared to 2021, when demand for pre-construction units was at its height.
09/24/2025
ASHWIN RANINGA shared 12 Bruback Rd - http://app.realmmlp.ca/6Wrn6aZYn
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Toronto, ON
M9V5C6
