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Thousands of Condominiums in Toronto Being Shelved As Developers' Costs Rise

Urbanation Predicts 10,000 Units Have Been Taken Off the Drawing Board
Toronto is experiencing a wave of condo cancellations as projects are delayed, leading to tighter rental markets. (CoStar)
Toronto is experiencing a wave of condo cancellations as projects are delayed, leading to tighter rental markets. (CoStar)
CoStar News
August 2, 2022 | 9:42 P.M.

At least 10,000 condominium units are being put on the shelf in Canada's largest city as developers cancel or delay plans, according to a Toronto research firm.

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