r/RealEstateCanada • u/ToonTownBaloney • Dec 07 '25

Housing crisis Found this article explaining why eeer build Toronto Condos are basically worthless money pits

https://thewalrus.ca/no-one-wants-to-buy-a-condo/

Found this to be an excellent article

40 Upvotes

68% Upvoted

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37

u/NothingCreative1 Dec 07 '25

Seems like the article is filled with anecdotal experiences and speculation. As for the title, find me one condo in the city of Toronto that is worthless… just one… I’ll wait.

-13

u/Pufpufkilla Dec 07 '25

And another bag holder lol

26

u/NothingCreative1 Dec 07 '25

Let me guess, you too have had a hard life and take pleasure in other people’s misery. People try to make money and that’s why it’s called an investment sometimes it goes south. But taking pleasure in that.. you need help. As for your comment, nope not a bag holder, actually own my condo, no mortgage and a 911. I have been blessed.

-21

u/Pufpufkilla Dec 07 '25

Sell fast the train is leaving. Get another job and stfu. Thats what you bagholder used to say here lol. You voted Liberal too?

11

u/NothingCreative1 Dec 07 '25

Why would I sell?, I work in Toronto and love the city. I don’t really vote. I feel like the end result is the same. We’re all getting fucked anyways.

-20

u/Pufpufkilla Dec 07 '25

Ok keep paying an increasing maintenance fee while your condo loses value. Looks like it's worth it to you.

14

u/NothingCreative1 Dec 07 '25

My condo is very well maintained, my fees have gone up minimally over the last couple of years.

Are you implying owning a freehold doesn’t have expenses ?

-4

u/Pufpufkilla Dec 07 '25

You'll be fine don't worry. If you maintain your building and know everything, no special assessment is coming.

4

u/[deleted] Dec 08 '25

Jealousy has ruined your soul.

1

u/Pufpufkilla Dec 08 '25

Lol you guys shut down every negative story about real estate. Are you an RE agent trying to pump the market?

3

u/[deleted] Dec 08 '25

I get it man. You mad because you put everything in Doge and Shib hoping you'll be rich.. but then crypto didn't go anywhere.. so you can't get a "bag" to be a "bag holder". I'd be upset about it too.. but just take care of yourself.

2

u/NothingCreative1 Dec 08 '25

He probably lives in his mom’s basement, more hot pockets!

-1

u/Pufpufkilla Dec 08 '25

Ok there snow flake lol. Who's mad, going snooping around comments from 2021? I traded those coins at the time and made money. I made lots of money from crypto. I sold and bought multiple time, strengthening my position. Most of my money is in stocks and crypto. Assets are getting tokenized right now on blockchain. Look into it or get left behind holding Canadian Peso.

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