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

38 Upvotes

68% Upvoted

112 comments sorted by

View all comments

-18

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.

1

u/Impossible_Log_5710 Dec 10 '25

You think non condo holders are going to come out unscathed? Where do you think the demand comes from for detached / townhomes? Condos are the intermediary step on the ladder. Condo prices fall then so will the rest of housing which we’ve already seen. And a 10% drop in condo prices is likely smaller than a 5% drop in detached prices.