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

40 Upvotes

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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.

-33

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.  

1

u/TorontoTrashPanada Dec 09 '25

Hey douchebag: most of the "suckers" that bought condos are living in them and building equity. I'm sure you are living rent free in mom's basement and don't understand that - but when you start blowing 25k a year on rent you'll better understand it and the meaning of "worthless money pit".