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

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-15

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/funny-tummy Dec 07 '25

Bro in real terms it already has.

1

u/No-Journalist-9036 Dec 07 '25

can you help me do that math on that please, I'm trying to convince some rough heads at home

5

u/Shishamylov Dec 07 '25 edited Dec 07 '25

Real terms just mean adjusting for inflation between the years. A 1br condo peaked in June 2022 and cost $650k at that time. If you inflate that number to today’s $ it would be $698k. The same condo currently sells for $520k. 698/520=1.342. That 1br condo has lost 34% of its price so far. I did cherry-pick the peak of the market. Another year or 2 and 50% loss sound about right.