In January, Toronto saw its biggest sell-off in nearly two decades.
The city’s housing market has taken a sharp turn for the worse, as the number of homes available has plummeted and many of the listings are on the pricey side.
While there are a handful of new condos under construction, prices are now much higher than they were in the 1990s.
Here are some of the more interesting facts about the condo market in Toronto.1.
Toronto has the highest rate of condo sales per capita in the country, according to the Toronto Real Estate Board.2.
There are more than 2.3 million condo units in the city today.
That’s up from just over 1.2 million in 2011.3.
That means the condo-building industry is experiencing a boom.
More than 60 per cent of the new condos in the Toronto market are listed on the Toronto Stock Exchange, according the Real Estate Institute of Ontario.4.
Most new condos are priced between $1 million and $2 million.
The average condo price in Toronto is currently $2,600,000.5.
As of October, there were more than 4,000 new condos on the market in the GTA.6.
The GTA has a condo market that’s similar to the Vancouver market, which has seen record condo sales since 2010.7.
There have been over 1,300 condo developments in the Greater Toronto Area in the past six years.8.
About 90 per cent are condos.
The city’s condo boom is also taking its toll on the environment.
The Toronto Landmark Conservancy has estimated that greenhouse gas emissions from the construction industry account for more than 30 per cent (30 per cent) of the total CO2 emissions from all buildings in the province.
The cost of living in Toronto has also increased since 2010, and the average price of a condo in the area increased by $1,200 last year.9.
The condo boom has resulted in some serious economic challenges for the city, including rising housing prices, a high number of job vacancies, and a number of other issues.10.
While condo construction has been a major contributor to the city’s economy, condos are only a small portion of the city market.
The number of condo units has doubled in the last 10 years, and many are located in neighbourhoods where many residents have trouble finding jobs.