GTHA New Condo Sales Hit Multi-Decade Low in 2025

New condominium sales in the Greater Toronto and Hamilton Area (GTHA) reached a significant multi-decade low in 2025, according to the latest market data. Key highlights from the recent reports show that sales have plunged to levels not seen since 1991. High interest rates and market uncertainty have led to the cancellation of 28 active condo projects across the region.As we enter 2026, the market continues to face supply challenges. For buyers and investors, this shifting landscape offers both challenges and unique opportunities as the market corrects.Original Source: [Global News](https://globalnews.ca/news/11622691/toronto-area-condo-sales-plunge/)