New condo sales in Greater Toronto Hamilton Area fall to lowest level since 1991

Sales of newly completed condominiums in the Greater Toronto Hamilton Area fell last year to the lowest level since 1991, as a record 28 active condo projects were cancelled.

A new report from Urbanation says 2025 marked the fourth straight year of fewer new condo sales in the region, falling 60 per cent from the previous year to a total of 1,599 units.