News Release Toronto’s Smallest Condos are Losing Value Twice as Fast as Larger Units TORONTO, ONT. — September 2, 2026 — New analysis from Wahi shows Toronto’s smallest condos are taking the biggest hit in the market downturn, with micro units losing value at roughly twice the rate of larger condos. Wahi, a leading Canadian real estate platform, and Real Property Solutions (RPS), the foremost Canadian provider of property valuations services, looked at appraised condo values per square foot across five unit-size categories over the past five years in the Greater Toronto Area and the Greater Vancouver Area. Key findings include: GTA condos under 500 sq. ft. declined 12.2% in value between 2020 and 2025, while Vancouver micro condos gained 4.9%. GTA units between 500 and 700 sq. ft. fell 6.2%, compared with a 19.4% increase in Vancouver. In 2025 alone, GTA micro condos lost an average of $152 per square foot year over year — the steepest decline of the five-year period. Vancouver’s smaller condos (units with one or no bedrooms) remained above water until 2025, when micro units also began depreciating year over year. “Without investor demand to support the market, condos have become a tougher sell across the GTA, particularly for the smallest units,” says RPS-Wahi Economist Ryan McLaughlin. Ryan is available to discuss the Toronto-Vancouver divide, what’s driving the trend and what it means for buyers, sellers and investors. The full report is available here. About Wahi Wahi is a digital real estate platform that redefines the homebuying experience by putting more power into consumers’ hands by combining cutting-edge tech and market data with expert REALTORS®. News Media Contacts: Kristin Doucet Wahi Tel: 877-207-4273 Kristin.Doucet@wahi.com Go To Press Release
