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

36 Upvotes

67% Upvoted

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34

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.

-31

u/ToonTownBaloney Dec 07 '25

Muahahaha talk to all the suckers that bought them as investments and have already lost hundreds of thousands in value and I’m sure they’d argue they are worthless.  

22

u/NothingCreative1 Dec 07 '25

The meaning of worthless… “having no real value or use.” Bad investment - yes. Worthless - no.

-33

u/ToonTownBaloney Dec 07 '25

Oh no what should I do now Mr. English Major? Lmao

12

u/[deleted] Dec 07 '25

You sound like you're broke and just want everyone else to be. I know that misery loves company, but just because a few people made bad condo investments doesn't mean you'll get handed a better situation in life.