Business
Multi-year absorption sets stage for a more balanced condominium market in most Canadian centres in latter half of 2026/early 2027, says REMAX Canada
Despite lower pricing and greater product selection, buyer sentiment remained subdued in the Canadian condominium segment, as inventory continued to saturate major markets across Canada in 2025, according to a report released today by REMAX Canada.
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[{"type":"text","content":"2026 expected to be transition year as homebuyers gear up for healthier 2027","length":76,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, Dec. 15, 2025 /CNW/ - Despite lower pricing and greater product selection, buyer sentiment remained subdued in the Canadian condominium segment, as inventory continued to saturate major markets across Canada in 2025, according to a report released today by REMAX Canada.","length":284,"tagName":"p"},{"type":"image","alt":"www.remax.com (PRNewsfoto/RE/MAX, LLC)","displaySize":"","headline":null,"caption":"www.remax.com (PRNewsfoto/RE/MAX, LLC)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":275,"url":"https://media.zenfs.com/en/cnwgroup.com/6b0724a54169670fd6b6c36b56c90e4f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/BsogHApb52Q3ZBU1pyiyUQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ4NTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/6b0724a54169670fd6b6c36b56c90e4f","width":400,"height":275}},"href":"https://mma.prnewswire.com/media/432004/RE_MAX_LLC_2025_Logo_v2.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Affordability and cost of living pressures weighed heavily on homebuyers nationwide," says Don Kottick, President, REMAX Canada. "However, with two consecutive cuts to overnight rates in recent months failing to meaningfully shift consumer behaviour, it's clear broader issues including job security and economic uncertainty continue to undermine consumer confidence levels."","length":400,"tagName":"p"},{"type":"text","content":"The REMAX Canada 2025 Canadian Condominium Report analyzed trends and developments between January 1 and October 31 of this year, compared to the same period in 2024, in seven major condominium markets, including Greater Vancouver, Fraser Valley, Calgary, Edmonton, Greater Toronto Area, Ottawa and the Halifax Regional Municipality. The report found that all markets experienced lower resale activity, with condominium values remaining relatively stable or posting modest declines. Sales were off year-ago levels in Calgary (-28.5 per cent), Fraser Valley (-20.6 per cent), Greater Toronto Area (-11.9 per cent), Greater Vancouver (-11 per cent), Halifax Regional Municipality (-8.8 per cent) Greater Edmonton Area (-6.0 per cent) and Ottawa (-2.9 per cent).","len...