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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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