Condo prices dip 0.1% QoQ in Q4 2025

This was due to a stock of vacant units exerting downward pressure on rents.

Condo prices edged down by 0.1% quarter on quarter (QoQ) in the fourth quarter of 2025, according to a Savills report.

The report said it was due to a stock of vacant units exerting downward pressure on rents and subdued leasing activity.

Rental softness was most pronounced in OCR, with prices dropping 2.0% QoQ, snapping a three-quarter growth streak. Rents across all unit types fell between 1.6% and 6.3%.

By contrast, both the CCR and RCR registered modest growth. In the CCR, prices inched up 0.7% QoQ in Q4.

Median rents in this high-end segment rose 0.5% QoQ, supported by three-bedroom units, which posted a 1% QoQ increase.

In the RCR, the rental index also rose by 0.6% QoQ, though at a slower pace than the 1.8% increase in the preceding quarter.

However, median rents in the submarket slipped 0.4% QoQ. By unit type, both two- and four-bedroom units posted declines, with median rents falling by 1.1% and 0.4% QoQ, respectively.

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