We don’t need to sugarcoat it, the condo market is in a tough spot right now. Assignments are plummeting, purchasers are facing funding shortfalls on closing, and developers are struggling to get projects off the ground due to proforma challenges.

Toronto’s framework for neighbourhood housing is being fundamentally reshaped, what Modcity strongly believes is for the better, through new as-of-right sixplex zoning bylaws approved by City Council on June 26, 2025.