GTA Condos: Buyers Still in Control in July

In Early-Q3, GTA condo sales totaled 1.56K, essentially flat yearly, while the apartment benchmark price fell ~7% to $535.2K across the region.
New GTA condo listings reached 4.19K in Early-Q3, >2.6 times completed sales, keeping active supply elevated and buyers in a strong negotiating position overall.
Across the GTA, condo apartments sold for near 97% of asking price and averaged 40 days on market, showing units generally needed more time.
Price gaps persisted: Toronto's 416 condo avg. reached $672.8K in Early-Q3, while 905 units averaged $560.9K, with softer pricing especially evident outside Toronto.
Officials said growth and employment readings could improve confidence in coming months, but GTA condo stabilization remained a work in progress because supply stayed heavy.