As someone who’s been guiding families through Toronto’s ever-changing housing market for years, I know how important it is to track the real story behind the numbers. Recent data shows Toronto housing starts dipped 10% year-over-year—a clear signal that construction has slowed across our city’s urban core. Right now, there are 37 building permits issued for 6,600 new condo units, but construction hasn’t broken ground on these just yet.
Here’s what I’m watching: many of these projects probably secured their pre-sales before today’s slower sales pace, so there’s still a chance they’ll move forward. It’s worth remembering that housing start figures often lag behind what’s actually happening, because big Toronto projects go through lengthy planning, pre-sale, and permit stages before shovels hit the ground.
So, while the official numbers may look low, they don’t always capture the current pulse of the market. Some of those permitted condos could still be about to start as the pipeline advances. My commitment has always been to help clients navigate these shifts with clarity and strategy—making sure you get the best value and timing, whether you’re buying or selling. That’s what my proven home selling system is all about: putting more money in your pocket, in less time, and with less stress.
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