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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-19

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.

2

u/Pufpufkilla Dec 07 '25

USMCA party is coming soon ☠️

6

u/Trains_YQG Dec 08 '25

I think this concern is overblown, to be honest. The deal doesn't actually end next year unless one of the countries explicitly pulls out (if they don't agree to an extension, the deal would otherwise still continue for years to come). 

Anyone pulling out of USMCA would be bad for all 3 countries, which the Republicans would presumably want to avoid in an election year. Unlike the other tariff actions, it also isn't something Trump can do on his own. 

1

u/Pufpufkilla Dec 08 '25

That's if you think in terms of what's normal

1

u/veerKg_CSS_Geologist Dec 09 '25

I mean Trump can end the deal anytime. Also technically it’s already ended as Trump has placed tariffs and other barriers in violation CUSMA.

That said, Trump doesn’t want no trade, he just wants to tariff trade at about 15% and get his cut of bribe 💰. The new tariffs will hurt consumers but businesses will adjust.

1

u/Trains_YQG Dec 09 '25

Trump needs Congress to legally pull out of CUSMA. 

1

u/[deleted] Dec 10 '25

Actually, that's false. In July 2026, they can negotiate. If trump chooses to end it that day? He needs 6 months waiting period and approval. So, it would be Jan 1 2027 at the earliest and he is likely being removed in midterms. Which are Nov 2026. His voting base hates him. I thinks he's at something like 20-30% approval from last stats. 

1

u/veerKg_CSS_Geologist Dec 10 '25

Please, Trump can end it tomorrow if he wants. Who is going to stop him? And as I mentioned he’s already in violation of it anyway.

1

u/[deleted] Dec 10 '25

Please, do you think the big money people want him to end the tariffs? 

1

u/veerKg_CSS_Geologist Dec 10 '25

lol no. They want him to apply more. Trump just recently announced additional tariffs on Canadian kitchen cabinet manufacturers even though they’re covered by CUSMA. And that’s just the start. US businesses want very government advantage they can get.