Toronto Starts Fall Short of Target | We Take Care of The Details So you Don’t Have To.

Toronto’s housing starts have dipped 10% compared to last year, which is certainly catching the attention of anyone watching our city’s real estate market. As a native Torontonian and broker who’s been helping clients buy, sell, and invest here since 1987, I always look at the full picture behind the headlines. Right now, there are 37 building permits in Toronto linked to 6,600 condo apartment units where construction hasn’t kicked off yet. While the data may show a slowdown, it’s important to remember that many of these projects likely secured pre-sales well before the recent drop in sales activity. The numbers you see for housing starts often lag behind what’s really happening, since large Toronto developments move from planning to pre-sales, then permits, and finally construction. So, while it looks like starts are down, several permitted condos could still break ground soon. Having worked with both residential and income property investors for decades, I know how important it is to read between the lines and understand where opportunities may emerge—even when the stats suggest a pause.