LocationsMany challenges facing Canada's development land market
Canadian development land sales peaked at around $30 billion in 2022, dropped to $16.5 billion in 2023 and are on pace for about $10 billion this year.
Toronto / GTA
Sales of GTA condos, high-density land continue to decline
Developers are increasingly hesitant to launch high-rise projects in the Greater Toronto Area due to market uncertainty and a lack of confidence in reaching their pre-construction sales targets, according to Bullpen Research & Consulting Inc. president and owner Ben Myers.
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