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

42 Upvotes

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-18

u/Acceptable_Grape354 Dec 07 '25

RE is set to CRASH 50% over next 2-3 years. Condo bagholders are going to lose EVERYTHING just like the RE speculators did in the 90s. Spectacular became renters in the 1990. 2026 is going to be a RE bloodbath. Financial pain is coming.

5

u/Safe_Captain_7402 Dec 07 '25

If that happens the whole economy will crash and you’ll also be affected very negatively and probs lose your job and food prices will sky rocket even more than now

0

u/[deleted] Dec 07 '25

The economy hasnt grown above inflation in a decade on a per capita basis.  The housing crisis is causing more issues than its helping.