Vancouver’s Housing Foundation is Firmer than Toronto’s

The GTA housing market, particularly its condo sector, is experiencing significant weakness, with falling prices and a supply glut. In contrast, the GVA market has shown more resilience, with less impact from interest rate hikes and a more stable affordability backdrop. While both markets began 2025 sluggishly, the GVA is better positioned to outperform the GTA due to stronger sales and less severe supply issues. Additionally, GVA's rental construction is thriving, supported by government initiatives, which may help address its housing shortage more effectively than in the GTA.