According to Building Industry and Land Development Association (BILD), only 165 condo apartments were sold across the GTA in November, a staggering 40% drop year-over-year.
Total new home sales?
Just 510 units — down 35% from last year and 83% below the 10-year average, based on data from Altus Group.
After 22 consecutive months of decline, industry experts warn 2025 may be the worst year for new home sales since records began in 1981.
📉 Why the Toronto New-Build Market Is Breaking Down
This isn’t a demand problem — it’s an affordability and financing crisis.
Key factors behind the collapse:
Sky-high construction costs
Development charges and layered taxes
Higher interest rates
Frozen pre-construction financing
Bank pullback from construction lending
As BILD COO Justin Sherwood warns, the warning signs of a future housing supply crunch are already here:
Fewer units under construction
Fewer pre-construction launches
Developers shelving projects
When supply dries up, prices don’t fall — they spike later.
🏠 What This Means for Homeowners Right Now
For homeowners, this slowdown creates short-term stress but long-term opportunity.
In the near term:
Renovations and refinancing are harder with banks
HELOC limits are tightening
Appraisals are conservative
But long term:
Limited future supply supports property values
Renovated and income-producing homes become more valuable
Equity-based strategies outperform waiting
This is where private mortgage solutions step in.
💡 How Lendworth Is Filling the Gap Banks Created
As banks retreat from risk, Lendworth is doing what private lenders do best — provide fast, equity-based financing when the system slows down.
We help homeowners, investors, and builders with:
First & second mortgages
Home equity loans & private lines of credit
Renovation & rebuild financing
Construction & land loans
Bridge financing
Estate, probate & executor loans
Emergency, divorce & separation financing
When timing matters, speed matters.
🏗️ Why Builders & Investors Are Turning to Private Capital
With traditional construction loans disappearing, private lenders are now critical to keeping projects alive.
Lendworth supports:
Infill projects
Small residential developments
Custom home builds
Renovation-to-refinance strategies
Structured with:
✔ Conservative loan-to-value ratios
✔ Clear exit strategies
✔ Staged funding
✔ Fast approvals
📈 The Bigger Picture: Today’s Slowdown = Tomorrow’s Shortage
History shows this pattern clearly:
Construction slows
Supply shrinks
Population grows
Demand returns
Prices rise
Those who secure financing now — renovate, build, or consolidate strategically — are positioned far better than those who wait.
📞 Need Fast Financing in a Slow Market? Call Lendworth.
If banks have slowed you down, or you need real answers in real time, Lendworth is ready.
⏱️ Same-day approvals available
🏠 Ontario-wide private mortgage solutions
Your equity deserves more™