Townhouse sales in the Greater Toronto and Hamilton Area (GTHA) remained strong in 2024, with 3,255 units sold, steady compared to 2023. Demand for ground-related townhouses surged in Q4, reaching a two-year high. In contrast, multi-family sales, including condominiums and apartments, dropped 49% to 7,649 units. The average price for new condos was $1,141 per square foot, while townhouses saw a 3% price drop. The number of new condo projects launched was the lowest in over 15 years, and cancellations reached a peak not seen since 2018.
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