The condo market in Canada’s two largest cities has experienced significant decline from 2022 to the end of the first quarter of 2025, according to the most recent <a data-evt-val="{&quot;control_fields&quot;: {&quot;mparticle&quot;: {&quot;keys&quot;: {&quot;click_source_type&quot;: &quot;click_source_type&quot;, &quot;anchor_text&quot;: &quot;anchor_text&quot;, &quot;target_url&quot;: &quot;target_url&quot;, &quot;layout_section&quot;: &quot;layout_section&quot;}, &quot;mp_event_type&quot;: &quot;Navigation&quot;, &quot;extra_keys&quot;: [&quot;click_vertical_position_percentage&quot;, &quot;click_vertical_position_pixels&quot;]}}, &quot;click_source_type&quot;: &quot;in-page link&quot;, &quot;anchor_text&quot;: &quot;report from Canada Mortgage and Housing Corporation&quot;, &quot;target_url&quot;: &quot;https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/housing-market/housing-market-outlook&quot;, &quot;layout_section&quot;: &quot;in-page-link&quot;}" rel="noopener noreferrer" data-evt="click" data-evt-typ="click" href="https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/market-reports/housing-market/housing-market-outlook" target="_blank">report from Canada Mortgage and Housing Corporation</a> (CMHC). Though most smaller markets are still stable.

Condo markets were hot until 2022, with lower interest rates enticing buyers, investors and builders{ai:summary}Canada's condo market in its two largest cities has seen a notable decline from 2022 through the first quarter of 2025, as reported by the Canada Mortgage and Housing Corporation. In contrast, smaller markets remain stable during this period. #economy

Condo sales plummet in Toronto and Vancouver but more resilient elsewhere

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