Condo inventory growing in most major Canadian markets as sellers anticipate demand rebound: report

Condo towers under construction at the Oakridge Park shopping centre redevelopment, in Vancouver, on Nov. 23, 2023.

A new report says condo inventory is on the rise in most major Canadian markets as more sellers are listing their properties in anticipation of growing demand from buyers.

The report by Re/Max Canada, which examined condominium activity from January to August of this year, found B.C.’s Fraser Valley led year-over-year inventory growth at 58.7 per cent, followed by the Greater Toronto Area at 52.8 per cent and Calgary at 52.4 per cent.

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