Deconversion

Deconversion is the process of turning condos back into rental units, shifting ownership housing into rental supply.

Deconversion

September 30, 2025


What is Deconversion?

Deconversion is the process of converting condominium units back into rental housing. It typically occurs when investors purchase a condo building and dissolve the condominium corporation to operate it as a rental property.

Why Deconversion Matters in Real Estate

Deconversion matters in real estate because it changes housing supply dynamics, often reducing ownership opportunities while increasing rental stock. It can be controversial among unit owners with differing interests.

Example of Deconversion in Action

An investment group buys out condo owners in a mid-rise building, dissolves the condo corporation, and reopens the building as a professionally managed rental complex.

Key Takeaways

  • Converts condos back into rental housing.
  • Typically involves investor buyouts of unit owners.
  • Increases rental stock but reduces ownership options.
  • Can create disputes among condo owners.
  • Regulated by provincial condo and property laws.

Related Terms

  • Condominium Corporation
  • Purpose-Built Rental
  • Rental Market
  • Affordable Housing Program
  • Ownership Rights

Additional Terms

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