Condo downturn stretches into 2026, with some listings again below $400,000.
Avg price was $604,759 in early 2026, down nearly 10% yearly across the city and suburbs.
Rates ~4% plus rising taxes, condo fees, insurance and utilities still strain affordability.
Uncertainty and a tariff war curb buying; months-long declines make many wait for cheaper prices.
Inventory is swelling and demand weak; prices expected to keep falling, favoring long-term holds over quick profits.
CMHC says development charge cuts could boost housing starts 14%
Scrapping municipal development charges could boost housing starts by up to 14% in expensive Canadian markets like Burnaby, Vancouver, and Toronto. Reducing or eliminating these fees makes more construction projects financially viable, especially in high-cost...
