News Release

Vancouver Micro Condos Buck Toronto’s Downward Trend

TORONTO, ONT. — September 2, 2026 — New analysis from Wahi shows Vancouver’s smaller condos have significantly outperformed their Toronto counterparts over the past five years — although the trend may now be shifting.

Wahi, a leading Canadian real estate platform, and RPS, a major Canadian provider of property valuation services, analyzed appraised condo values per square foot across five unit-size categories in the Greater Vancouver and Greater Toronto areas.

Key findings include:

• Vancouver condos under 500 sq. ft. increased 4.9% in value between 2020 and 2025, while comparable GTA units declined 12.2%.
• Vancouver units between 500 and 700 sq. ft. jumped 19.4%, compared with a 6.2% decline in the GTA.
• Vancouver’s smaller condos (including units with one or no bedrooms) remained above 2020 values year-over-year until 2025.
• Vancouver micro units began depreciating year-over-year in 2025, suggesting some of the pressures seen in Toronto may be emerging on the West Coast.

While Toronto’s smallest condos have been hit hardest by weakening investor demand, Vancouver has proven considerably more resilient.

RPS-Wahi Economist Ryan McLaughlin is available to discuss why Vancouver has outperformed Toronto, what is behind the recent shift in smaller-unit values, and what it could mean 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