Toronto Condo Market Collapse Claims Another Victim
1/ The Riv, a planned 37-storey tower at Queen & River St., is officially cancelled. Developers blame a dire condo market with rock-bottom sales and skyrocketing costs. — Shazi (@ShaziGoalie) December 4, 2024 3/ Condo sales in the GTA are 75% below the 10-year average. Developers can’t hit pre-sale thresholds required to secure financing. Projects …