In a startling revelation, new data indicates that only 28 new condos were sold in the old city of Toronto during September, marking a significant downturn that industry experts compare to the slump seen in the 1990s. This drastic decline in condo sales reflects a shifting real estate market where economic factors including rising interest rates and market saturation are impacting buyer confidence profoundly. The Toronto Star article highlights concerns among developers and real estate agents about the long-term implications of this sales freeze, with many fearing a sustained slowdown in Toronto’s real estate sector. Analysts suggest that the current situation might force developers to reconsider their strategies, potentially leading to either halting new projects or offering incentives to boost sales. Market observers are keenly watching how these changes could reshape the city’s housing landscape. As Toronto grapples with this decline, questions arise regarding affordability and the future of condo development in a city known for its vibrant real estate market.
Toronto StarNew data shows Middle East Flight Chaos Affects Major Airports with Widespread Cancellations
March 4, 2026
Widespread flight cancellations have created significant disruptions at major airports across the Middle East, leaving travelers and airlines grappling with chaos. Key hubs like Doha,