True Patriot Love - May 18, 2026


Ontario Condo Market Crash？ Investor Nightmare Unfolds! #tplmedia


Episode Stats


Length

59 seconds

Words per minute

212.41

Word count

210

Sentence count

2


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode, we talk about why there will be no bottom in the condo market for a few years in Ontario and why this is a big deal. We also talk about the issues we are facing and why we should be worried about it.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 will be no bottom in the condo market for a few years in particular in ontario the issue that we
00:00:03.760 face right now and is that back in kind of 21 22 um a lot of these these condos were pre-sold
00:00:12.400 to investors um and back then and so these are the units that are completing today so the brand
00:00:16.880 new builds that are coming today were pre-sold back in kind of that 20 21 22 period and the
00:00:21.760 idiocy at that time and something that i was very actively flagging was these people were paying 30
00:00:27.520 percent above comparable resale at that time so in or in other words that the value of their condo
00:00:34.160 had to increase 30 just to catch up to resale the next five years when it completed or they'd have
00:00:39.440 an issue with getting their financing well rather than going up it's gone down and so now we're
00:00:43.280 having these condo units complete and you know they they contracted they're contractually obligated
00:00:48.400 to deliver 1400 a square foot let's say the unit's only worth nine maybe 800 a square foot based on
00:00:53.760 comparables in the area. It's a disaster and we still have a couple more years of very high
00:00:58.240 completions on deck.