Condo demand is becoming increasingly concentrated at more affordable price points.

In June, 38% of condo sales were below $500,000, up from 21% a year ago, while units priced under $600,000 accounted for 64% of all condo activity.

At the same time, new condo starts have fallen to their lowest level since 1996, meaning the pipeline of new completions is expected to thin as the current wave winds down.

This creates a market where entry-level opportunities remain available today, while future supply conditions may become more constrained.

With condo conditions beginning to turn, this window of affordability, selection and negotiating flexibility may not remain open for long. Could now be the right time to make your move? Let’s talk strategy.