As we move further into 2026, the GTA housing market continues to exhibit a tale of two sectors. While the detached home market is showing signs of stabilizing, the condo segment remains under significant pressure, mirroring trends observed in Vancouver. Mortgage experts note that while detached inventory is tightening—partly due to a slowdown in new construction—the condo market faces a persistent glut, particularly among sub-500-square-foot units with limited amenities.
Data from Vancouver highlights a 14% year-over-year increase in detached sales, serving as a potential bellwether for similar markets like Toronto. Conversely, condo sales in Vancouver dropped by 10.7%, a trend echoed by local brokers who describe smaller, amenity-poor condos as ‘toxic assets’ currently struggling to find buyers. For those looking to enter the market, discipline is key, as buyers increasingly demand significant discounts to appraised values. For a deeper dive into these diverging trends, read the full report at https://www.mpamag.com/ca/mortgage-industry/industry-trends/condos-down-detached-up-vancouver-mirrors-torontos-uneven-outlook/574432.
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