Toronto new condos sales for 2013 down by 50% when compared to the number sold in 2011.

Toronto new condos sales down by 50% when compared to the number sold in 2011. Market tracking company Urbanation said Wednesday that a total of 3,049 new condominium apartments were sold between June and September, down eight per cent from the same three months a year ago.

Given the current sales trend and the expected number of launches for the fourth quarter, new condominium apartment sales will likely total approximately 13,000 units this year. That's down from 17,997 in 2012 and 28,190 sales in 2011.