Condo Inventory Growing as Sellers Anticipate Demand Rebound: Re/Max Report

Condo Inventory Growing as Sellers Anticipate Demand Rebound: Re/Max Report
Construction cranes dot the skyline as condo towers are seen under construction at the Oakridge Park shopping centre redevelopment, in Vancouver, B.C., on Nov. 23, 2023. The Canadian Press/Darryl Dyck
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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 percent, followed by the Greater Toronto Area at 52.8 percent and Calgary at 52.4 percent.