New condo apartment sales in the Greater Toronto Hamilton Area (GTHA) increased 52 per cent annually to 702 units in Q2-2026. “After more than four years of decline, it’s an important signal to see new condo sales respond to the elimination of HST and investor activity,” said Shaun Hildebrand, president of Urbanation. Nearly all the gain in new condo sales activity last quarter came from completed projects. However, for the new condo sales that did occur in Q2, prices were generally well below asking. Condo inventoryCombined standing new and resale condo inventory in the GTHA totaled 12,106 units at the end of Q2, up only 1 per cent from a year ago, the slowest pace of growth in three years.