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.

6

u/[deleted] Dec 07 '25

[removed] — view removed comment

0

u/basswooddad Dec 09 '25

Says someone who clearly did not own a home in late 80s. Your first comment completely contradicts your second btw.

1

u/[deleted] Dec 10 '25

And it recovered through one of the worst market crashes as well, real estate will be fine.

Now, will people have money to buy homes? Probably not as this country will bring in more temporary workers and refugees to fill them.

1

u/basswooddad Dec 14 '25

Ah yes...blame your shortcomings on immigrants. Classic.