Not every part of the market is moving the same way. Condos and smaller units have taken the biggest price hits this year, while detached homes in established, family-oriented neighbourhoods are proving far more resilient.
Why the gap exists: This demand isn't speculative — it's demographic. Millennials now in their mid-30s to early 40s are forming families and need space, school access, and yards. That kind of demand is less sensitive to rate swings than investor-driven condo demand.
What this means if you're moving up: You're competing in the most stable corner of the market, which is good news for resale later — but also means less "steep discount" bargain-hunting than in the condo segment.
Bottom line: If you're trading a condo or townhome for a detached family home, you're moving from the softest segment into the sturdiest one.
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