True Patriot Love - Ontario Condo Market Crash？ Investor Nightmare Unfolds! #tplmedia

Length

59 seconds

Words per minute

212.41

Word count

210

Sentence count

Summary

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

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.

True Patriot Love - May 18, 2026

Ontario Condo Market Crash？ Investor Nightmare Unfolds! #tplmedia

Episode Stats

Summary

Transcript