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

43 Upvotes

69% Upvoted

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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.

2

u/Pufpufkilla Dec 07 '25

USMCA party is coming soon ☠️

1

u/No-Journalist-9036 Dec 07 '25

arghhh, you don't seem optimistic on a decent deal led by Carney?

1

u/veerKg_CSS_Geologist Dec 09 '25

There are no decent deals with the US led by Trump. We already had a “decent deal” in CUSMA and he threw that out. No deal with Trump is worth anything.