condo market Archives - Mortgage Rates & Mortgage Broker News in Canada

CMHC warns of rising condo market risks as sales collapse and investor losses mount

June 10, 2025 1 Comment

Toronto and Vancouver’s condo markets are under growing pressure, with new CMHC data showing steep sales declines, rising inventories and increasing financial stress among investors, conditions could drag on future housing supply.

CN Tower can be seen behind condos in Toronto's Liberty Village

Toronto condo market unlikely to see jolt as conditions vary elsewhere in Canada

April 13, 2025 No Comments

Experts say the Greater Toronto Area condo market is unlikely to awaken from its lull any time soon even as other major Canadian cities see somewhat more promising demand.

Canada in a ‘per-capita’ recession, but recovery near: CIBC’s Tal

February 19, 2025 No Comments

The bad news is Canada is in a recession and facing a period of unprecedented uncertainty. The good news is that the pain will be short lived, and the country is positioned to emerge in a strong position.

Condo inventory growing as sellers anticipate demand rebound: Re/Max report

October 9, 2024 No Comments

Condo inventory is on the rise in most major Canadian markets as more sellers are listing their properties in anticipation of growing demand from buyers, a new report says.

High borrowing costs, record condo completions lead to oversupply in Greater Toronto

September 11, 2024 No Comments

Greater Toronto Area-real estate watchers say the combination of high interest rates and an uptick in new condo units coming online has led to an oversupply that will take time to balance out.

Vast majority of Greater Toronto new condo investors losing money every month: report

July 25, 2024 No Comments

Toronto’s condo market is under pressure, with a new report revealing a significant increase in cash-flow negative investors in newly completed condos.

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