Severe Correction in Vancouver Condo Prices May Persist

Vancouver condo market not expected to see recovery until mid-2027

The struggles continue for the condominium market in the Greater Vancouver Area. A new report from TD Economics forecast the largest housing segment in Canada’s priciest housing market will not see stabilization for prices and sales until late 2027.

Severe correction in Vancouver condo prices may persist

Toronto-Dominion Bank (TSX:TD) is predicting Vancouver condo prices will fall around seven to eight per cent by year's end compared to the fourth quarter of 2025, though some stabilization could occur in 2027. In a June 11 research note, the bank said this would amount to a 15-per-cent correction si...