GTA condo market braces for future supply crunch as developers pull back on new projects [Wealth Professional (Canada)]

Cabot Corporation (CBT)
Last cabot corporation earnings: 2/3 04:16 pm
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Source: Wealth Professional
The Greater Toronto Area (GTA) condo market continues to face significant challenges, with affordability concerns and shifting buyer expectations persisting despite declining borrowing costs. Economists and real estate professionals anticipate a prolonged period of subdued activity, in contrast to more stable or improving demand in other major Canadian cities, according to The Canadian Press In March, approximately 1,400 condominium units were sold in the GTA, marking a 23.5 percent decline compared to March 2024. Simultaneously, around 5,500 new condo units entered the market, increasing total active listings to nearly 4,700, as reported by the Toronto Regional Real Estate Board (TRREB). This imbalance between supply and demand has led to a
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News
- Cabot Co. (NYSE: CBT) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- EllisDon Launches Base Design™ for Canadian Affordable Housing [Yahoo! Finance]Yahoo! Finance
- Univar Solutions Selected as Distributor for Cabot Corporation's Carbon Black Products for Rubber Applications in Brazil [Yahoo! Finance]Yahoo! Finance
- Cabot Co. (NYSE: CBT) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Cabot Co. (NYSE: CBT) had its price target lowered by analysts at UBS Group AG from $93.00 to $83.00. They now have a "neutral" rating on the stock.MarketBeat
CBT
Earnings
- 2/3/25 - Miss
CBT
Sec Filings
- 4/7/25 - Form S-8
- 4/7/25 - Form S-8
- 4/7/25 - Form S-8
- CBT's page on the SEC website