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One Country, Two Markets: Condo fortunes drift further apart in Vancouver and Toronto
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One Country, Two Markets: Condo fortunes drift further apart in Vancouver and Toronto
A tale of two condo markets continues to unfold in Toronto and Vancouver, with the former seeing steeper price declines. Brendon Ogmundson, chief economist with the BC Real Estate Association, points to CREA data that shows “wild divergence” between Toronto and Vancouver’s apartment prices since a convergence in 2022, with Toronto’s prices down about 20 per cent, while Vancouver’s are just slightly off from the peak. “There must be a much bigger…
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