“The new construction market is on life support, and the only thing that will revive it is the math making sense again,” says Robert Van Rhijn, broker of record at Toronto-based Strata Realty. “End users are comparing it to resale, even in recently completed buildings. The average downtown resale condo is selling at just under $900 per square foot right now, while new condos are asking about $1,200. When the finished, move-in-ready resale unit in the building across the street is roughly $300 a foot cheaper, the decision makes itself.”