{"id":3540,"date":"2025-01-27T10:13:51","date_gmt":"2025-01-27T15:13:51","guid":{"rendered":"https:\/\/preconstruction.info\/blog\/?p=3540"},"modified":"2026-03-20T01:43:10","modified_gmt":"2026-03-20T05:43:10","slug":"toronto-preconstruction-condo-market-2024","status":"publish","type":"post","link":"https:\/\/preconstruction.info\/blog\/toronto-preconstruction-condo-market-2024\/","title":{"rendered":"Toronto Preconstruction Condo Market: 7 Proven The Decline of Toronto&#8217;s Preconstruction Condo Market: A Steep Fall in"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/preconstruction.info\/blog\/toronto-preconstruction-condo-market-2024\/#The_Decline_of_Torontos_Preconstruction_Condo_Market_A_Steep_Fall_in_Sales_and_Prices\" >The Decline of Toronto&#039;s Preconstruction Condo Market: A Steep Fall in Sales and Prices<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/preconstruction.info\/blog\/toronto-preconstruction-condo-market-2024\/#1_The_Preconstruction_Condo_Market_in_Toronto_An_Overview\" >1. The Preconstruction Condo Market in Toronto: An Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/preconstruction.info\/blog\/toronto-preconstruction-condo-market-2024\/#2_The_Significant_Decline_in_Preconstruction_Condo_Sales_in_2024\" >2. The Significant Decline in Preconstruction Condo Sales in 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/preconstruction.info\/blog\/toronto-preconstruction-condo-market-2024\/#3_Prices_Falling_Across_the_Toronto_Region\" >3. Prices Falling Across the Toronto Region<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/preconstruction.info\/blog\/toronto-preconstruction-condo-market-2024\/#4_The_Glut_of_Unsold_Units_A_Record_High\" >4. The Glut of Unsold Units: A Record High<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/preconstruction.info\/blog\/toronto-preconstruction-condo-market-2024\/#5_The_Slowdown_in_New_Condo_Starts\" >5. The Slowdown in New Condo Starts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/preconstruction.info\/blog\/toronto-preconstruction-condo-market-2024\/#6_The_Impact_on_Investors_A_Changing_Landscape\" >6. The Impact on Investors: A Changing Landscape<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/preconstruction.info\/blog\/toronto-preconstruction-condo-market-2024\/#7_The_Future_of_Torontos_Preconstruction_Condo_Market\" >7. The Future of Toronto\u2019s Preconstruction Condo Market<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/preconstruction.info\/blog\/toronto-preconstruction-condo-market-2024\/#8_Government_Action_and_Policy_Responses\" >8. Government Action and Policy Responses<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/preconstruction.info\/blog\/toronto-preconstruction-condo-market-2024\/#9_What_Does_This_Mean_for_Potential_Homebuyers\" >9. What Does This Mean for Potential Homebuyers?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/preconstruction.info\/blog\/toronto-preconstruction-condo-market-2024\/#10_Conclusion_A_Shifting_Market\" >10. Conclusion: A Shifting Market<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/preconstruction.info\/blog\/toronto-preconstruction-condo-market-2024\/#External_Resources\" >External Resources<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/preconstruction.info\/blog\/toronto-preconstruction-condo-market-2024\/#FAQ_Toronto_Preconstruction_Condo_Market\" >FAQ: Toronto Preconstruction Condo Market<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/preconstruction.info\/blog\/toronto-preconstruction-condo-market-2024\/#What_should_be_planned_first\" >What should be planned first?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Decline_of_Torontos_Preconstruction_Condo_Market_A_Steep_Fall_in_Sales_and_Prices\"><\/span>The Decline of Toronto&#039;s Preconstruction Condo Market: A Steep Fall in Sales and Prices<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <a href=\"https:\/\/preconstruction.info\/blog\/toronto-real-estate-market-september-2024\/\">Toronto real estate market<\/a>, specifically the preconstruction <a href=\"https:\/\/preconstruction.info\/blog\/miami-and-toronto-preconstruction-condos-a-guide-to-buying-in-2026-mistakes-to-avoid\/\">condo<\/a> sector, has been facing a challenging period over the past few years. As of late 2024, the city is experiencing a significant slowdown, with sales plummeting to levels not seen in nearly three decades.<\/p>\n<p><strong><a href=\"https:\/\/preconstruction.info\/blog\/emerging-trends-in-canadian-real-estate-2025\/\">Toronto<\/a> Preconstruction <a href=\"https:\/\/preconstruction.info\/blog\/emerging-trends-in-canadian-real-estate-2025\/\">Condo Market<\/a><\/strong> helps improve planning, consistency, and publishing quality when teams follow a repeatable workflow.<\/p>\n<div class=\"flex-1 overflow-hidden @container\/thread\">\n<div class=\"h-full\">\n<div class=\"react-scroll-to-bottom--css-lnpyo-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-lnpyo-1n7m0yu\">\n<div class=\"flex flex-col text-sm md:pb-9\">\n<article class=\"w-full scroll-mb-[var(--thread-trailing-height,150px)] text-token-text-primary focus-visible:outline-2 focus-visible:outline-offset-[-4px]\" dir=\"auto\" data-testid=\"conversation-turn-3\" data-scroll-anchor=\"true\">\n<div class=\"m-auto text-base py-[18px] px-3 md:px-4 w-full md:px-5 lg:px-4 xl:px-5\">\n<div class=\"mx-auto flex flex-1 gap-4 text-base md:gap-5 lg:gap-6 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem]\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col flex-grow\">\n<div class=\"min-h-8 text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words text-start [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"a0c0914b-2a3f-43fa-b9cb-ae76d546fe9f\" data-message-model-slug=\"gpt-4o-mini\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose w-full break-words dark:prose-invert dark\">\n<p><strong>Introduction<\/strong> The Toronto real estate market, specifically the preconstruction condo sector, has been facing a challenging period over the past few years. As of late 2024, the city is experiencing a significant slowdown, with sales plummeting to levels not seen in nearly three decades. This blog will explore the reasons behind this downturn, the factors contributing to the growing glut of unsold units, and the potential long-term implications for investors, developers, and <a href=\"https:\/\/preconstruction.info\/blog\/bank-of-canada-rate-cut-housing-market\/\">homebuyers<\/a>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_The_Preconstruction_Condo_Market_in_Toronto_An_Overview\"><\/span>1. The Preconstruction Condo Market in Toronto: An Overview<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>To understand the gravity of the current situation, it\u2019s important to have a broad view of the preconstruction condo market in Toronto and its historical performance. <a href=\"https:\/\/preconstruction.info\/blog\/interest-rate-impacts-preconstruction-investing\/\">Preconstruction condos<\/a> are typically sold by developers before the buildings are completed, often to investors who hope to flip the units for a profit once construction is finished.<\/p>\n<p>Toronto has long been a hub for condo development, with the Financial District and downtown areas featuring some of the tallest and most sought-after towers in Canada. However, the last few years have witnessed a steep decline in investor interest, and the market is currently struggling to regain its former momentum.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_The_Significant_Decline_in_Preconstruction_Condo_Sales_in_2024\"><\/span>2. The Significant Decline in Preconstruction Condo Sales in 2024<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>One of the most alarming statistics for the preconstruction condo market is the 64% drop in sales volume in 2024 compared to the previous year. According to a report from Urbanation Inc., only 4,590 preconstruction condo sales were recorded in the Toronto and Hamilton regions in 2024, the lowest figure since 1996.<\/p>\n<p>This decline in sales can be attributed to multiple factors, including economic uncertainty, higher <a href=\"https:\/\/preconstruction.info\/blog\/bank-of-canada-cuts-interest-rates-2024\/\">interest rates<\/a>, and changing investor sentiment. For much of the past decade, Toronto\u2019s preconstruction condo market was fueled by a large number of investors who purchased units with the intention of flipping them for a profit. However, as prices have risen and rental income fails to keep up with rising costs, many investors have pulled out of the market entirely.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Prices_Falling_Across_the_Toronto_Region\"><\/span>3. Prices Falling Across the Toronto Region<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In the fourth quarter of 2024, the average asking price for preconstruction condos in the Toronto region fell by 15% compared to the same period in 2023. The average price per square foot dropped from $1,407 to $1,153 in Toronto and from $1,183 to $1,104 in the suburbs. This steep decline represents the largest drop Urbanation has tracked in two decades, signaling the depth of the market\u2019s struggles.<\/p>\n<p>The price reduction is not the only indicator of a declining market. Developers are offering additional incentives to attract buyers, such as guaranteed rental income programs, which are designed to entice investors who are now more hesitant to make purchases in the current climate.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_The_Glut_of_Unsold_Units_A_Record_High\"><\/span>4. The Glut of Unsold Units: A Record High<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>As of the end of 2024, the number of unsold preconstruction condo units reached a record high of 24,277. This represents a 6% increase over the previous year and is 50% higher than the 10-year average. The unsold inventory includes condos that are still under development, in the process of being constructed, or recently completed but yet to be sold.<\/p>\n<p>This glut of unsold units is concerning for both developers and the broader market. If sales continue at the same slow pace observed in 2024, it could take more than five years to clear this inventory, further exacerbating the slowdown in the sector.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_The_Slowdown_in_New_Condo_Starts\"><\/span>5. The Slowdown in New Condo Starts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The lack of preconstruction condo sales is also affecting the pace of new condo construction in Toronto. In 2024, the number of new condo starts in the region fell by 21%, a stark contrast to the record highs of previous years. Developers are becoming more cautious in the face of uncertain demand, and new projects are being delayed or scaled back in response to the challenges in the market.<\/p>\n<p>This slowdown is particularly concerning because it comes at a time when the Canadian government is making efforts to ramp up <a href=\"https:\/\/preconstruction.info\/blog\/canada-housing-market-recovery\/\">housing supply<\/a>, including more affordable options. The lack of new starts in the preconstruction condo sector may hinder the broader goals of addressing the housing crisis in Toronto and the surrounding areas.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_The_Impact_on_Investors_A_Changing_Landscape\"><\/span>6. The Impact on Investors: A Changing Landscape<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>For many years, investors were the driving force behind the preconstruction condo market. However, the changing dynamics of the market have left many investors in a difficult position. Condo values are no longer appreciating at the rates they once did, and rental income has not kept pace with rising costs such as mortgage payments, property taxes, and condo fees.<\/p>\n<p>Many investors are now facing financial strain, as their units are either unsold or are not providing the returns they had anticipated. Some are opting to sell their units at a loss, while others are choosing to hold on in the hope that the market will improve.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_The_Future_of_Torontos_Preconstruction_Condo_Market\"><\/span>7. The Future of Toronto\u2019s Preconstruction Condo Market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Looking ahead, the outlook for the preconstruction condo market remains uncertain. Shaun Hildebrand, president of Urbanation, predicts that <a href=\"https:\/\/preconstruction.info\/blog\/emerging-trends-in-canadian-real-estate-2025\/\">2025<\/a> will likely be another tough year for the market, as investors continue to face challenges with their existing units.<\/p>\n<p>However, it\u2019s not all doom and gloom. Some experts believe that the downturn may eventually lead to a \u201cmassive decrease\u201d in new home construction, particularly in the preconstruction condo segment. This could help to stabilize the market in the longer term, as reduced supply might lead to a more balanced market and more competitive prices for buyers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Government_Action_and_Policy_Responses\"><\/span>8. Government Action and Policy Responses<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The Canadian federal and provincial governments are already taking steps to address the housing crisis, with policies designed to encourage the construction of more affordable housing. However, the slowdown in preconstruction condo development may hinder these efforts. If the current trend continues, policymakers may need to find ways to incentivize developers and investors to reenter the market.<\/p>\n<p>One potential solution could be to introduce measures that encourage more owner-occupied condo purchases, rather than relying on investors. This could help to stabilize the market and reduce the glut of unsold units.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_What_Does_This_Mean_for_Potential_Homebuyers\"><\/span>9. What Does This Mean for Potential Homebuyers?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>For potential buyers, the current state of the preconstruction condo market offers both challenges and opportunities. While the glut of unsold units may mean that buyers have more options to choose from, the slowdown in sales also means that the market could remain stagnant for some time.<\/p>\n<p>Buyers may be able to take advantage of falling prices, but they should also be cautious about purchasing a condo that may take years to appreciate in value. It\u2019s important for homebuyers to carefully assess their long-term plans and financial stability before committing to a preconstruction purchase.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Conclusion_A_Shifting_Market\"><\/span>10. Conclusion: A Shifting Market<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The <a href=\"https:\/\/preconstruction.info\/blog\/miami-and-toronto-preconstruction-condos-a-guide-to-buying-in-2026-mistakes-to-avoid\/\">Toronto preconstruction<\/a> condo market has entered a period of transition. With sales plummeting, prices falling, and unsold inventory reaching record highs, the market is facing significant challenges. However, this downturn may also offer opportunities for buyers who are willing to navigate a changing landscape.<\/p>\n<p>As we look ahead, the future of the preconstruction condo market will depend on how investors, developers, and policymakers respond to the current challenges. While the road to recovery may be long, the market\u2019s eventual stabilization could provide a more balanced and sustainable environment for both buyers and sellers alike.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The decline in preconstruction condo sales can be attributed to multiple factors, including economic uncertainty, higher interest rates, and changing investor sentiment. According to a report from Urbanation Inc., only 4,590 preconstruction condo sales were recorded in the Toronto and Hamilton regions in 2024, the lowest figure since 1996.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"External_Resources\"><\/span>External Resources<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/developers.google.com\/search\/docs\/essentials\" target=\"_blank\" rel=\"noopener\">Google Search Essentials<\/a> and <a href=\"https:\/\/developer.wordpress.org\/plugins\/\" target=\"_blank\" rel=\"noopener\">WordPress Plugin Handbook<\/a> are useful references for best practices.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQ_Toronto_Preconstruction_Condo_Market\"><\/span>FAQ: Toronto Preconstruction Condo Market<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_should_be_planned_first\"><\/span>What should be planned first?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Start with the goal, audience, and deliverables so the final content and media support the same outcome.<\/p>\n<p><strong>Need help implementing this workflow?<\/strong> Contact Preconstruction Hub: Your Source for Future-Ready Real Estate to plan a practical content and media process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Decline of Toronto&#039;s Preconstruction Condo Market: A Steep Fall in Sales and Prices The Toronto real estate market, specifically the preconstruction condo sector, has been facing a challenging period over the past few years. As of late 2024, the city is experiencing a significant slowdown, with sales plummeting to levels not seen in nearly &#8230; <a title=\"Toronto Preconstruction Condo Market: 7 Proven The Decline of Toronto&#8217;s Preconstruction Condo Market: A Steep Fall in\" class=\"read-more\" href=\"https:\/\/preconstruction.info\/blog\/toronto-preconstruction-condo-market-2024\/\" aria-label=\"Read more about Toronto Preconstruction Condo Market: 7 Proven The Decline of Toronto&#8217;s Preconstruction Condo Market: A Steep Fall in\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3541,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[778,257,857,94,859,498,577,103,134],"class_list":["post-3540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canada-real-estate-market","tag-condo-development","tag-preconstruction-condos","tag-real-estate-analysis","tag-real-estate-investment","tag-real-estate-slowdown","tag-toronto-condos","tag-toronto-housing-supply","tag-toronto-real-estate","tag-toronto-real-estate-trends"],"_links":{"self":[{"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/posts\/3540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/comments?post=3540"}],"version-history":[{"count":2,"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/posts\/3540\/revisions"}],"predecessor-version":[{"id":3779,"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/posts\/3540\/revisions\/3779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/media\/3541"}],"wp:attachment":[{"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/media?parent=3540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/categories?post=3540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/preconstruction.info\/blog\/wp-json\/wp\/v2\/tags?post=3540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}