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Investigative Journalism Foundation
Economy

The housing paradox: Canada builds while condos sit unsold

As Ottawa funds thousands of new purpose-built rentals, some major cities are dealing with rising condo inventories, challenging Canada's housing strategy in the face of changing market conditions.

Stephen Chamberlain
Stephen Chamberlain

2 Jul 2026 • 9 min read

Exterior of a high-rise condo building under construction in downtown Toronto.
A 69-storey condominium under construction in Toronto by Reserve Properties and Capital Developments. A 484 square foot one-bedroom is on sale for $1,050,900. (The Investigative Journalism Foundation/Stephen Chamberlain)

Stephen Chamberlain
Stephen Chamberlain

Stephen Chamberlain, a Toronto-based journalist, has an interest in civic engagement, federal procurement and public accountability. He is currently a reporter intern with the IJF.

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