The Financial Post reports in its Saturday edition that sales of new homes in the Greater Toronto Area reached an all-time low in December, capping off a year in which annual sales were at their lowest level in 45 years. The Post's Shantaé Campbell writes that according to new data from the Building Industry and Land Development Association (BILD), 5,314 new units were sold in 2025. While the annual sales total itself is historically low, the data also point to a widening gap between declining demand, elevated prices and rising levels of unsold inventory. The inventory of unsold new homes in the GTA stood at 26 months at the end of December. The benchmark price for new condominium apartments remained above $1-million in December, while benchmark prices for new single- family homes declined 9 per cent over the past year but remained elevated relative to longer-term averages. Altus Group's Edward Jegg described December's sales as an "all-time low," noting that annual volumes have not fallen to this level in the 45 years new-home sales data have been collected for the GTA. The condominium market had the steepest sales decline. A total of 87 new condo units were sold in December, down 91 per cent from the 10-year average.