Canadian Real Estate: Condo Market Share Up Again in 2022
Posted by Leah Ambler on
Condominium Market Share Continues to Climb in Major Canadian Real Estate Markets, as More Buyers Seek Affordable Housing Options
Double-Digit Increases to Rental Rates Spark New Wave of Condo Buyers in Alberta
- Buyers from British Columbia and Ontario continue to be active in Alberta’s condominium market.
- The lion’s share of condominium activity is occurring at lower price points. In Toronto, for example, the bulk of condominium apartment sales now hovers in the $500,000–$700,000 range, down from $600,000–$800,000 earlier in the year.
- Condominium markets are losing inventory to an attractive rental market, as would-be sellers simply opt to lease their units long-term.
- Competing offers are still occurring in areas such as…
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