Buyers looking for new condos in 2025 faced a steep climb. New development contract signings were down 11 percent compared to 2024, according to Marketproof data covering deals closed in 2025. The culprit for the lackluster contract numbers was not a lack of demand, according to Marketproof CEO Kael Goodman, but a dearth of desirable buildings. “It’s all a function of the product,” he said. “If the product is good, people will buy it. If the product is less desirable, even in this type of market, it just sits there. That phenomenon was seen in the strong sales figures a […]
This article originally appeared on The Real Deal. Click here to read the full story.