Big Six Banks Show Resilience Amid Ongoing Condo Challenges

Canada's major banks have minimal exposure to the condo market downturn, with condo developer loans making up less than 1% of their portfolios. This limits the risk of a banking crisis despite ongoing condo market struggles. However, smaller lenders and developers with higher exposure face greater risks due to less liquidity. While new condo sales decline, the resale market shows signs of stabilization, though recovery remains uncertain amid economic challenges and affordability issues.