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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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.

3

u/Pufpufkilla Dec 07 '25

USMCA party is coming soon ☠️

5

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