US Edition‘Kind of Stuck’: Weak Condo Market Means Tough Choices for Potential Move-up Buyers
GREATER TORONTO AREA AND GREATER VANCOUVER AREA, CANADA, JUL 10 – Condo sales have dropped 75% in Toronto and 37% in Vancouver since 2022, limiting owners’ ability to sell and upgrade amid rising inventories and falling prices.
- A report published on July 10, 2025, detailed a significant decline in condo sales in Toronto and Vancouver markets over recent years.
- The decline came after a surge in new listings, waning investor interest, and a challenging economic climate marked by trade tensions and employment setbacks in early 2025.
- Condo sales in Toronto have declined by 75% since 2022, with Vancouver experiencing a 37% drop; at the same time, the number of available units has increased substantially and prices have declined in both markets.
- Vancouver agent Adil Dinani said sellers often take losses due to low liquidity, while Toronto agent Vy Ngo called the condo market "brutal" and expects declines to continue.
- The national housing agency forecasts the condo market will remain weak with subdued demand and near-record completions, making recovery unlikely soon.
31 Articles
31 Articles
‘Kind of stuck’: Weak condo market means tough choices for potential move-up buyers
While optimism is building in some parts of Canada for a rebound in the real estate market, condominium dwellers wanting to move up to a larger space face tough choices amid little sign of improvement for that segment.
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'Kind of stuck': Weak condo market means tough choices for potential move-up buyers
While optimism is building in some parts of Canada for a rebound in the real estate market, condominium dwellers wanting to move up to a larger space face tough choices amid little sign of improvement for that segment.
'Kind of stuck': Weak condo market means tough choices for potential move-up buyers - Mortgage Rates & Mortgage Broker News in Canada
While optimism is building in some parts of Canada for a rebound in the real estate market, condominium dwellers wanting to move up to a larger space face tough choices amid little sign of improvement for that segment.
Weak condo market means tough choices for potential move-up buyers - MoneySense
While optimism is building in some parts of Canada for a rebound in the real estate market, condominium dwellers wanting to move up to a larger space face tough choices amid little sign of improvement for that segment. Cities like Toronto and Vancouver have seen condo sales drop off, if not stagnate, in recent years following a rush of new supply opening up and plummeting investor demand. For some regions, that marks a divergence from the overal…
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