A record high number of new condos are going unsold in the GTA: Urbanation

Toronto area new-condo sales in 2023 were at their lowest since 2008, that’s according to Shaun Hildebrand, president of Urbanation. He warns that a slump in construction activity in 2023 also paints a grim picture for supply down the line. Subscribe to BNN Bloomberg to watch more videos: Connect with BNN Bloomberg: For the latest news visit: For a full video offering visit BNN Bloomberg: BNN Bloomberg on Facebook: BNN Bloomberg on Twitter: BNN Bloomberg on Instagram: BNN Bloomberg on LinkedIn: -- BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.