TORONTO, ONTARIO, January 31, 2024 – Fourth quarter 2023 condominium apartment sales in
the Greater Toronto Area (GTA) remained low historically, as the demand for ownership housing
continued to be hampered by affordability concerns brought about by high borrowing costs.
Buyers who were active in the market benefitted from a substantial amount of choice. This meant
that average selling prices were slightly lower than the fourth quarter of 2022.