Short-Term and Long-Term CMHC Housing Predictions – GTA

Toronto's condo market has seen a 75% drop in sales and a 13.4% price decline since early 2022, driven by record-high inventory from new completions. Investors face negative cash flow due to rising costs and stagnant rents, deterring buyers. Developers are halting projects, leading to fewer future condos and more rentals. Despite short-term challenges, a long-term market rebound is expected, offering a limited window for buyers to benefit from low prices and government incentives.