Larger GTA condos defy correction as one-bedrooms slide further
“A lot of those people are racing masters — they invest in a whole bunch of pre-construction condos and they are being hit the most. Big shot realtors who bought so many pre-construction condos and now — bankruptcy. We see bankruptcy all over the place,” she said.
On pricing, Xu was equally direct: “The price is almost 50% of the original purchase price. So the original owner walked away, gave the condo back to the builder.”
Stéfane Marion, chief economist at National Bank of Canada, says Ottawa should allow foreign buyers to purchase new-build homes, pointing to unsold condo inventory and the government’s goal of making Canada more attractive to investors. https://t.co/hUVWtFthRu
— Canadian Mortgage Professional Magazine (@CMPmagazine) October 20, 2026
Larger units offer a buffer — for now
Further up the size spectrum, the picture is more resilient, though still far from comfortable. Two-bedroom condominiums recorded a Q1 2026 median of $630,000, just 2% above Q1 2020 levels.
Three-bedroom units reached $700,000 — a 13% gain — while four-plus-bedroom condos led all categories at $715,000, up 15% over the six-year study period.
Transaction volumes have not been spared regardless of size: two-bedroom sales fell 35% from Q1 2020, three-bedroom activity dropped 43%, and four-plus-bedroom transactions declined 33%.
