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Canada’s condominium market, especially in Toronto and Vancouver, is entering a sharp downturn following years of rapid expansion that catered more to investors than homebuyers. Condominium inventory has surged by approximately 400% over three years, while investor interest has evaporated under elevated interest rates, causing pre‑construction purchases to collapse. Data from the CMHC shows unsold units piling up, with Toronto condo sales plunging by 75% and Vancouver by 37% between 2022 and Q1 2025.

Read the full article on: REAL ESTATE MAGAZINE