Toronto’s condominium market faces a critical inflection point. Thousands of newly completed and forthcoming units — many small, investor-driven suites not designed for long-term end users — are entering a generationally weak market shaped by higher rates, constrained financing, and cautious buyers.
How will this inventory be absorbed — and what does a market reset look like? What lessons from past cycles can inform today’s conditions? How might recent policy signals, including temporary HST rebates, reduced development charges, and new investment programs, influence absorption and future supply?
Join ULI Toronto for a cross-sector discussion examining the key implications of today’s condo overhang — from impacts on housing affordability and rental market dynamics to the role of immigration in absorbing supply and the long-term viability of smaller unit formats — while identifying pathways to stabilize inventory and establish a more resilient, end-user-aligned foundation for the next cycle of development.
SPEAKERS:
Jasmine Cracknell-Young, Vice President Advisory (Canada), Zonda Urban
Carl Gomez, Chief Economist and EVP Research, Centurion Asset Management Inc.
Hunter Milborne, Broker of Record, Chairman, Milborne Group
Amanda (Milborne) Ireland, Senior Vice President, Sales, Marketing & Leasing, Osmington Gerofsky Development Corp.