{"id":26851,"date":"2025-12-08T11:11:43","date_gmt":"2025-12-08T19:11:43","guid":{"rendered":"https:\/\/www.roryc.ca\/blog\/?p=26851"},"modified":"2025-12-08T08:40:45","modified_gmt":"2025-12-08T16:40:45","slug":"demand-is-reshaping-inventory-young-canadian-buyers-are-stepping-into-the-condo-market","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2025\/12\/demand-is-reshaping-inventory-young-canadian-buyers-are-stepping-into-the-condo-market\/","title":{"rendered":"Demand is Reshaping Inventory : Young Canadian Buyers are Stepping Into The Condo Market"},"content":{"rendered":"<p style=\"text-align: justify;\">The Canadian condo market is undergoing a fundamental reset. According to a new Leger survey commissioned by Rates.ca, 35% of Canadians now believe condos are no longer a good investment, up five percentage points from March 2025.<\/p>\n<p style=\"text-align: justify;\">Meanwhile, investor appetite has dried up as prices tumble across major markets.<\/p>\n<p style=\"text-align: justify;\">&#8220;Investor appetite has diminished in the current economic environment, leaving demand primarily driven by owner-occupants who typically seek larger, more functional spaces than smaller condos provide,&#8221; said Steven Yanni, managing broker at HouseSigma.<\/p>\n<p style=\"text-align: justify;\">In the Greater Toronto Area, average condo prices fell 6.4% year-over-year in the third quarter of 2025, with Halton experiencing steeper declines of 12.1%.<\/p>\n<p style=\"text-align: justify;\">Only 17% of Canadians now believe condos have always been a good investment, down from 22% earlier this year.<\/p>\n<p style=\"text-align: justify;\">Yet the market&#8217;s weakness is creating an unexpected opening for first-time buyers. Among Canadians under 35, 39% said they would consider purchasing a condo, compared to just 27% of those over 35.<\/p>\n<p style=\"text-align: justify;\">The difference reflects a generational divide in how buyers view condos as homeownership entry points rather than investment vehicles.<\/p>\n<p style=\"text-align: justify;\">&#8220;First-time homebuyers have more choices, stronger negotiating leverage, and improved affordability after multiple Bank of Canada rate cuts,&#8221; said Clara Leung, real estate broker and mortgage agent at Swivel Mortgages.<\/p>\n<p style=\"text-align: justify;\">&#8220;Many are using this window to get into the market and to build equity.&#8221;<\/p>\n<p style=\"text-align: justify;\">New mortgage rule changes are bolstering this shift. The federal government raised the insured mortgage cap to $1.5 million and extended amortizations to 30 years for new builds. Combined with Ontario&#8217;s 8% HST rebate on homes under $1 million, total savings can exceed $130,000 for qualifying buyers.<\/p>\n<p style=\"text-align: justify;\"><strong>Where Demand is Reshaping Inventory<\/strong><\/p>\n<p style=\"text-align: justify;\">The shift is forcing developers to reconsider design priorities. &#8220;A lot of 2010s condos were designed for investors and lack the space and functionality that many buyers need to grow into,&#8221; said Yanni.<\/p>\n<p style=\"text-align: justify;\">&#8220;Developers will increasingly prioritize owner-occupied units with practical living space.&#8221;<\/p>\n<p style=\"text-align: justify;\">The Toronto market reflects these trends. Condo sales in the $500,000 to $599,999 range accounted for 30% of transactions across March and October 2025, making this segment the most active for first-time buyers seeking affordability.<\/p>\n<p style=\"text-align: justify;\"><strong>The Buyer Hesitation That Persists<\/strong><\/p>\n<p style=\"text-align: justify;\">Despite improvements, 56% of Canadians say they have no intent to buy a condo, and non-homeowner aspirations are declining. Just 13% of non-homeowners still aspire to purchase, while 30% say they have no plans to buy.<\/p>\n<p style=\"text-align: justify;\">Buyers remain cautious about economic headwinds, job stability, and whether prices have truly bottomed.<\/p>\n<p style=\"text-align: justify;\">\u201cI feel like affordability still seems to be a lot of concern for the first-time homebuyers,\u201d DLC Clear Trust mortgage broker Micky Khaneka told Canadian Mortgage Professional.<\/p>\n<p style=\"text-align: justify;\">\u201cEven with lower rates, for the people who are most interested, unfortunately when you throw the stress test on there, there\u2019s still a relatively high payment. Especially if it\u2019s a single individual earning an average salary of $60,000 to $80,000 or $90,000.\u201d<\/p>\n<p><a href=\"https:\/\/www.mpamag.com\/ca\/mortgage-industry\/industry-trends\/a-growing-number-of-canadians-no-longer-think-buying-a-condo-makes-sense\/557838\" target=\"_blank\" rel=\"noopener\">A Growing Number of Canadians No Longer Think Buying A Condo Makes Sense<\/a> by Liezel Once | CMP<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian condo market is undergoing a fundamental reset. According to a new Leger survey commissioned by Rates.ca, 35% of Canadians now believe condos are no longer a good investment, &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2025\/12\/demand-is-reshaping-inventory-young-canadian-buyers-are-stepping-into-the-condo-market\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,13],"tags":[],"class_list":["post-26851","post","type-post","status-publish","format-standard","hentry","category-homeselling-homebuying","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Demand is Reshaping Inventory : Young Canadian Buyers are Stepping Into The Condo Market &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2025\/12\/demand-is-reshaping-inventory-young-canadian-buyers-are-stepping-into-the-condo-market\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Demand is Reshaping Inventory : Young Canadian Buyers are Stepping Into The Condo Market &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The Canadian condo market is undergoing a fundamental reset. 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