{"id":654070,"date":"2026-05-07T16:26:08","date_gmt":"2026-05-07T16:26:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/654070\/"},"modified":"2026-05-07T16:26:08","modified_gmt":"2026-05-07T16:26:08","slug":"condos-down-detached-up-vancouver-mirrors-torontos-uneven-outlook","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/654070\/","title":{"rendered":"Condos down, detached up: Vancouver mirrors Toronto&#8217;s uneven outlook"},"content":{"rendered":"<p>\u00a0&#8220;A lot of economists were predicting that the second half of the year would be a little bit better, in particular with the detached market,&#8221; Green said. &#8220;A lot of new construction for detached has fallen off a cliff as of about 12 months ago.<\/p>\n<p>\u201cSo there&#8217;s less new product getting completed now, and eventually the surplus supply of detached will get eaten up and then eventually should balance out the market.&#8221;<\/p>\n<p>That view finds some support in Vancouver&#8217;s April data, released last week. <a href=\"https:\/\/www.mpamag.com\/ca\/mortgage-industry\/market-updates\/vancouver-home-sales-slide-but-real-estate-board-sees-a-silver-lining\/573960\" rel=\"nofollow noopener\" target=\"_blank\">Greater Vancouver Realtors (GVR) reported<\/a> that detached home sales rose 14% year over year to 659 transactions, a notable bright spot in an otherwise subdued market where overall residential sales fell 2.5% annually and remained 22.9% below the 10-year seasonal average.<\/p>\n<p>GVR chief economist Andrew Lis noted that detached sales had been consistently gaining on a year-over-year basis even as the multi-family segment softened, and raised the possibility that the segment could act as a bellwether for broader market sentiment.<\/p>\n<p>Green was cautiously optimistic about detached and townhomes heading into the second half, though he stopped short of forecasting a recovery. &#8220;I think it&#8217;ll be less concerning and the values will flatten out in the second half for detached or perhaps even townhomes \u2013 or at least will be decreasing at a slower rate,&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"\u00a0&#8220;A lot of economists were predicting that the second half of the year would be a little bit&hellip;\n","protected":false},"author":2,"featured_media":654071,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194291],"tags":[49,48,8796,3302,55],"class_list":["post-654070","post","type-post","status-publish","format-standard","has-post-thumbnail","category-toronto","tag-ca","tag-canada","tag-condo-market","tag-toronto","tag-vancouver"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/654070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=654070"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/654070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/654071"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=654070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=654070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=654070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}