Recently, Toronto’s housing starts have dipped 10% compared to last year—a clear signal that construction activity has slowed, especially in our city’s vibrant urban core. Right now, there are 37 building permits on file for 6,600 condominium apartment units that have yet to break ground. It’s important to remember that many of these projects may still move forward, since pre-sales often happened well before the recent slowdown in sales activity.
Housing-start data often lags what’s actually happening on the ground. Major projects in Toronto move through lengthy planning, pre-sale, and permit stages before shovels ever hit the soil. So, the numbers we see today might not fully capture the real-time pace of activity, and some of those permitted condos could still begin construction as the pipeline advances.
For clients and investors, this highlights why it’s so important to look beyond the headlines. My approach is rooted in making the market easy to understand and helping you move forward with clear, honest advice—whether you’re exploring pre-construction opportunities or weighing your next investment. Real estate decisions feel a lot less stressful when you have the right information and a relationship built on trust.
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