Verkäufe neuer Eigentumswohnungen in Toronto brechen um 60 % auf den niedrigsten Stand seit 1991 ein
https://www.bloomberg.com/news/articles/2026-01-21/new-toronto-condo-sales-collapse-60-to-lowest-level-since-1991?srnd=undefined
Verkäufe neuer Eigentumswohnungen in Toronto brechen um 60 % auf den niedrigsten Stand seit 1991 ein
https://www.bloomberg.com/news/articles/2026-01-21/new-toronto-condo-sales-collapse-60-to-lowest-level-since-1991?srnd=undefined
18 Kommentare
Oh no.
Anyways.
Good start
Moar!
Are we supposed to feel bad for greedy property investors and real estate agents? Lol
You guys deserve to lose EVERYTHING 🔥
Condos seriously shouldn’t be more than $250k when you can get a huge house in Dallas or Houston for $300k. The whole market needs a correction.
Have prices dropped 60%?
No one wants to live in a shoebox where all of the walls meet at increasingly impossible angles? What? Your furniture isn’t all rhombic? You didn’t get the polymodular couch from the condo Leon’s?
Toronto is a dump.
It’s not a problem until they’re priced at under a quarter million dollars apiece.
Maintence fees still make them uninvestable.
People don’t want to buy 400 sq ft condos for families?? Shocker…
Price, size and even the unlivable layouts aside; They are built terribly. If you buy one make sure to set a significant portion aside for the inevitable special assessments.
Average square footage of a newly built Toronto condo:
475 square feet.
Average square footage of a Toronto property investor’s house:
2850 square feet.
Don’t feel bad for these people.
Great news in the short-term. A lot more new builds entering the market (started when condo sales were crazy hot) are being converted to purpose-built rental, which is awesome.
The issue is that most of these buildings hitting the market and driving the supply up were started several years ago. We direct all our development solely to highrise. That has its place, but it takes years and years to build. Now, we’re running desperately short on housing starts, when demand can and will likely pick back up in the coming years.
When that demand picks up again, we won’t be able to respond quickly enough. It’s a constant game of catch-up, because highrise takes so long to build.
That’s partly why it’s so bloody important we make it a hell of a lot easier to get midrise approved faster, because it can actually be built quickly. We need to set up the regulatory framework for a housing market that can actually respond to changes in demand.
Dog crate condo have much farther to fall….. sorry but every single person in the GTA, Ontario and BC needs to receive the consequences of their actions of government and how they voted and reality and experience MASSIVE wealth destruction. Innocent family’s and well intended buyers should live in a home or have a home will be fine over 30 years mostly. But condo buyers, speculators, property owners with more then one home deserve the maximum pain possible. Reality is that many were finically illiterate and need to learn some fun life lessons. Enjoy having that debt follow you for life and the humbling that is coming, and hope it’s hard and fast and buyers are smart enough to just keep holding off and let it unwind for 18 months or more. GTA wanted to be the center of the universe in Canada on everything well now they enjoy being the center of the crash!
We can go lower,
Greed has consequences, who’da thunk it!?
Wow, it’s almost like we should built housing for people to affordable living in rather than for speculators to hoard and profit from
This is a result of the foreign buyers prohibition. It has been rescinded but it appears too late to save the condo market.