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

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