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Toronto developers are quietly cancelling condos. For the first time, the Star has mapped the extent of the crisis

The Star compiled projects that have been cancelled, converted or put into receivership. Check our interactive map to see your neighbourhood.

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At least a dozen condo projects have been cancelled, gone into receivership or been converted to rentals since the start of 2024.

 Ramon Ferreira/Toronto Star illustration using Dreamstime images

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    1. Comment by Cindy.

      I wouldn’t buy a condo whether I could afford the exorbitant prices or not. Condo fees have grown to levels that almost match the mortgage payment. I am reading about condo owners who are hit with many thousands of dollars, payable right now, to replace windows, or extensive repairs to some other part of the structure, because not enough condo fees were set aside for capital works by ever changing boards over the years. Condo boards change with every election, which loses continuity of planning and can result in ever changing rules regarding resident’s rights and use of building amenities. No thanks. Freehold is all I would ever consider buying.

    2. Comment by Ross.

      Everybody wants to get in on the hot market. The price of condos was reasonable at one time and developers wanted to get in on the market (as did some long-standing home builders suddenly getting into condo development). But since Covid and with the influx of immigrants that market shifted. But, for some reason, condo developers didn't see that shift. They saw more dollars coming into their pockets.

      It's all about timing. Developers had their time. Now it's time to move off condos. Too expensive for what you get. Current price difference from condos to single family houses is not that far off. I know land is at a premium, both in price and availability in the GTA, BUT the market is talking to you. STOP with condos. Stop with 1500-3500 sq. ft houses. Get back to building smaller homes (1,000 s.f. ) on smaller lots. But unfortunately, it's about greed with many of these developers. NOT what they say as "filling the needs and wants of residents".

    3. Comment by Carolyn.

      The City and Ontario Govt keep "saying" they are working with partners to build desperately needed "affordable housing" and yet these tiny condos within massive building complexes are still being approved, and then die like this before even started, because the "investment" condo market has crashed. This City needs TRULY affordable housing, for mid and low income citizens so why aren't they giving tax breaks etc to Developers to build more TRULY affordable 100% rental buildings. And for those who can afford condos, ensure the designs are for REAL PEOPLE AND REAL FAMILIES that want to live in them? Not apprpve oversized closet projects that will only be bought by condo investors and condo slumlords! Talk is very cheap. Also need to change laws to ensure that before any much needed green land is cleared, that the project WILL be able to go ahead! The huge one on this map that stretches from Victoria Park almost to Warden, has totally cleared a huge forest and green space, decimating the homes and migration stops for many species. Now likely weedy scrubland as it comes back, for years!

    4. Comment by Karen.

      As someone who recently bought a condo for myself, I can tell you that these condo units are ideal for single people. None of the 20 something units I looked at were built for more than one person. There is just enough space for one person. The units built before 2015 are more spacious and from that point onwards, it’s just downhill. Don’t forget the maintenance fees go up every year. You may be an owner, but you are really a glorified renter because you don’t own anything here and the fixed cost in maintenance fee monthly. With the glut of units out there, Toronto should be better advertised as a market for single people. Those with a family should really not be looking at condos. Go out to Markham or Richmond Hill for detached homes.

    5. Comment by Bev.

      Federal funding and provincial do not support condos. Many older condos are larger and livable but as for the remits to support eco retrofits again both the federal and provincial governments seem to be going out of their way to deny condo owners especially those who live in their condos these remits on an equal basis

      This despite condo managers now having to lease green house as emissions but oddly owners are excluded or partially at best from the remits that would help

      Lower the data being measured eg home renovations savings program and windows condos are excluded

      Media has spoken about special assessments and yet not much in the way of remits to help mitigate the cost pressures for condo onwrra where as higher end dwelling owners can pick and chose and do not face the legal issues tied to the automatic lines behind such billing’s

      The automatic lines is in place to avoid the crumbling of structural envelopes etc of older purpose built rentals but the favoured higher end home owners can either maintain or not as they decide but are given very generous grants. But whybthebstinginess for condo owners especially dwellers ?

      The political winds do not favour this homeownership format clearly

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