Toronto: Is a Condo Price Correction Underway? | MrHunter.ca

Condo listings now make up ~60% of Toronto’s 11,705 active housing listings in May 2025.

With only 973 condo sales, inventory reached 7 months—above buyers’ market threshold of 5 months.

Condo resale prices ↓ 7.3% yearly, widening the price gap with new, less competitive units.

Toronto holds 13,537 unsold new condos—6,402 pre-construction, 5,986 under construction, 1,149 in standing inventory.

55% of pre-construction condos remain unsold, below lenders' 70% threshold for funding project launches.