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Greater Toronto condo owners shifting to renovations as market downturn continues

A 15% drop in condo sales and a 5.1% price decline in Q4 2025 have led 34% of GTA condo owners to increase renovation spending in 2026, surveys show.

Summary by CTV News
It’s a problem some condo buyers didn’t foresee when they locked in their home purchase during the pandemic, hoping that 600-square-foot space in central Toronto would be a bridge to eventually buying a house.

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Greater Toronto condo owners shifting to renovations as market downturn continues

It’s a problem some condo buyers didn’t foresee when they locked in their home purchase during the pandemic, hoping that 600-square-foot space in central Toronto would be a bridge to eventually buying a house.

·Canada
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The Hamilton Spectator broke the news in Hamilton, Canada on Sunday, March 15, 2026.
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