Canada's Condo Market Just Took a Very Strange Turn
On October 24, B.C.'s government fell, leaving a plan to buy 2,200 unsold condos in limbo. Across the country, Toronto-area new condo sales doubled last quarter. But nearly half went to just six investment groups, buying finished units at an average of 40% below original prices. Meanwhile, Ontario is financing a fund to buy unsold condos. In this video, I break down what the data says about real demand, why today's glut sets up a supply cliff in 2029, how Vancouver, Calgary and Montreal differ,
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