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Vancouver Condos Boom, Toronto Suburbs Swoon In 'Fickle' Housing Market


Condo towers overlooking Vancouver's False Creek. Condo prices per square foot in the city centre have soared 40 per cent over the past year, according to a survey from Century 21 Canada.

More condos are being built in Montreal than ever before, but analysts say it’s still not enough to keep up with demand.

In the last month, Montreal has set records in both condo sales and price. Experts say the surging interest in condos is driven both by local buyers and increasing interest from investors outside Quebec.
According to Altus Group, a consulting company that provides market insights for condo developers, pre-construction sales of new condos in Montreal reached a peak this year. A recent report found that March sales volume downtown was up 188 per cent compared with the previous year.
The fastest-growing segment? Luxury condos.

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