Condos projected to decrease 2.5% in 2026 while detached homes increase 2.0%.
Why the Correction
- Oversupply from 2020-2021 boom completions
- Investor retreat due to high rates
- Reduced immigration moderating demand
- Remote work reducing appeal of small condos
Opportunity
Sellers negotiating on price, assignments below original price, best inventory in 5+ years.