Canada's condo market just hit a breaking point. Here's what happens next.

Is Canada’s Condo Market in Crisis? Toronto Sales Crash, Price Drops & What Happens Next The episode examines whether Canada’s condo market is at crisis levels as the Bank for International Settlements shows Canada among the worst real housing price drops in the developed world (down 5% in real terms in Q3 2025) while Toronto condo sales have fallen to early-1990s lows. Citing Morningstar and Urbanation, it highlights that only 1,600 new GTA condos sold in 2025 (91% below the 10-year average, lowest since 1991) amid record completions, collapsing starts, and project cancellations, driven in part by a large investor share and a wide gap between higher pre-con prices and cheaper resale. The script details financing pressures (developers needing ~70% presales), 28 projects/7,200 units canceled in 2025, and 10% of presold units being taken back due to failed closings, while arguing major banks appear insulated due to limited developer-loan exposure even as the broader housing-linked economy feels the slowdown and future supply could tighten by 2029. 00:00 Condo Crisis Setup 00:40 Canada as Global Outlier 01:31 Morningstar Warning Signs 02:21 BIS Charts and Peer Comparison 03:59 Investor Demand Meets Record Supply 04:46 Precon Price Gap Explained 06:30 Financing Breaks and Cancellations 07:05 Closing Failures and Developer Stress 09:46 Are Banks at Risk 12:07 Economic Fallout and Future Supply 14:31 Recap and What Comes Next 17:15 Wrap Up and Viewer Question #realestate #torontorealestate #canada #finance #economics