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Toronto condo completions outpace buyers for a sixth quarter
Downtown completions ran 710 apartments ahead of absorptions in the third quarter, and assignments before closing are up on both the previous quarter and a year earlier.
Downtown Toronto · 7 h ago · Based on 3 documents
AreaDowntown Toronto
Key facts
2,310 downtown completions in Q3
1,600 apartments absorbed
6,120 completed units unabsorbed
1,420 assignments before closing
The Canada Mortgage and Housing Corporation counted 2,310 condominium apartment completions in downtown Toronto in the third quarter. It counted 1,600 condominium apartments absorbed in the same quarter, the number taken up by buyers or occupants. Completions exceeded absorptions by 710 apartments in the quarter.
6,120
Completed condo apartments not yet absorbed, September 30
The corporation's housing supply report lists completions above absorptions in each of the last six quarters. At the end of September it lists 6,120 completed condominium apartments as unabsorbed. Third-quarter completions were 44% higher than third-quarter absorptions.
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Still in this story
How many apartments were absorbed in the quarter
The number of assignments before closing
What the completions figure counts
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