Source: Livabl — Oct 29, 2025.
Zonda Urban data reported Q3-2025 GTHA new-home sales at a 30-year low, prompting developers to cut prices and cancel projects. The report noted drastically reduced apartment and townhouse sales versus pandemic highs, a surge in cancellations by unit count, and a shift of starts toward rental product. Developers are responding by reducing exposure on weaker sites and repositioning offerings. For buyers and local markets, this cycle creates increased supply in certain channels, forces more conservative presale strategies, and elevates the relevance of completed product for immediate-occupancy demand.
Link to story: https://www.livabl.com/articles/news/developers-slash-prices-and-cancel-projects-as-gtha-new-home-sales-hit-30-year-low
