30 Percent of Canadians Say Condos No Longer a Good Investment: Survey

Condo towers dot the Toronto skyline as a pedestrian makes his way through the winter landscape on Jan. 28, 2021. Frank Gunn/The Canadian Press

Condominiums are becoming less desirable as an investment, a recent survey suggests, with 30 percent of Canadians saying they no longer consider condos a worthwhile purchase.

Leger conducted a survey for financial and insurance platform Rates.ca to gather Canadians’ opinions regarding condominium ownership. Only 22 percent of those polled described condos as a good investment.