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1. • • After years of consistent outperformance, Canada's condo market is now facing a sharp downturn, particularly in its largest markets, with sales in a continuous decline.
     www.reic.ca/article-aug23.html

     Canary in the Coal Mine: The Crisis in Canada's Condo Market

2. People also ask

   Are Canadian condo investors facing a slowdown?

   • John Pasalis, president and broker of Realosophy Realty, joins BNN Bloomberg to discuss challenges for Canadian condo investors. Real estate markets will feel the downstream effects from a slowdown in Toronto’s condo market, according to one real estate expert who expects fewer completions of new units over the next few years.

   Toronto’s condo market to ‘get worse’ as pre-construction starts

   www.bnnbloomberg.ca/business/real-estate/2024/08/15/torontos-condo-market-to-get-worse-as-pre-construction-starts-falling-off-a-cliff-expert/

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   Why is the Toronto condo market slowing down?

   • As the Toronto condo market faces a major slowdown, Pasalis said there are two major trends occurring. One is that sales have fallen due partly to the fact that end users are facing challenges when buying units and “investors have largely disappeared.” “And on top of that, we have a lot of investors selling. They’re exiting the market.

   Toronto’s condo market to ‘get worse’ as pre-construction starts

   www.bnnbloomberg.ca/business/real-estate/2024/08/15/torontos-condo-market-to-get-worse-as-pre-construction-starts-falling-off-a-cliff-expert/

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   Why is Toronto's condo market in crisis?

   • Toronto’s condo boom has seen the city’s skyline expand rapidly over the last 20 years. Toronto's condo market is in crisis. Investors have exacerbated the sector's boom and bust cycle and it's left consumers in the lurch. As interest rates escalated during the pandemic, a torrent of units flooded the market.

   How investors have wreaked havoc on Toronto’s condo market

   www.thestar.com/interactives/investors-wreaked-havoc-on-torontos-condo-market-leaving-us-with-tiny-units-no-one-wants/article_8ad9328c-5b27-11ef-89ce-63e2f2963b55.html

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   What's happening in the Canadian condo market?

   • Photo by Jason Payne/PNG Shaun Hildebrand, president of Urbanation Inc., talks with the Financial Post’s Larysa Harapyn about the state of the Canadian condo market. Hildebrand said sales of new condominiums fell significantly last year and new construction starts have plunged, with more of the same expected in the coming months.

   Condo market faces 'significant slowdown' - Financial Post

   financialpost.com/real-estate/condo-market-faces-significant-slowdown

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   Why are Toronto's condo investors not buying into new projects?

   • With all the stress in the market, Toronto’s condo investors have had less appetite to buy into new projects. Sales of new units — usually agreed to before construction even starts — plunged to the lowest level since the late 1990s, according to the report.

   Toronto condo investors hit by market at ‘recessionary’ level

   www.bnnbloomberg.ca/business/real-estate/2024/07/25/toronto-condo-investors-hit-by-market-at-recessionary-level/

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   Are Toronto condos a bad investment?

   • About 77% of investors with mortgages on newly built Toronto condos had negative monthly cash flow last year, up from 52% in 2022, according to a report from Canadian Imperial Bank of Commerce and industry consultant Urbanation. That means rents couldn’t cover ownership costs such as mortgage payments, fees and taxes.

   Toronto condo investors hit by market at ‘recessionary’ level

   www.bnnbloomberg.ca/business/real-estate/2024/07/25/toronto-condo-investors-hit-by-market-at-recessionary-level/

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3. www.reuters.com › markets › canada-faces-worseningCanada faces worsening home ownership crisis with stalled ...

   www.reuters.com › markets › canada-faces-worsening

   2 days ago · New condo sales were down over 50% in the first half. OTTAWA, Oct 30 - Canada's home ownership crisis is likely to worsen over the next few years as proposed project sales languish at historically ...

4. www.bnnbloomberg.ca › business › real-estateToronto’s condo market to ‘get worse’ as pre-construction ...

   www.bnnbloomberg.ca › business › real-estate

   Aug 15, 2024 · Real estate markets will feel the downstream effects from a slowdown in Toronto’s condo market, according to one real estate expert who expects fewer completions of new units over the next few years.

5. Videos

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     1:48

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     Investors make up big share of Canada's condo market, new data shows

     15 Feb 2023

     20K views

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     Canada housing market slowdown a reality check for home sellers, realtors say

     18 Nov 2023

     54.3K views

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     Analyst's warning | Why Canada's economic slowdown will continue

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6. financialpost.com › real-estate › condo-market-facesCondo market faces 'significant slowdown' - Financial Post

   financialpost.com › real-estate › condo-market-faces

   Feb 10, 2024 · The condo market has slowed in Canada. Photo by Jason Payne/PNG. Shaun Hildebrand, president of Urbanation Inc., talks with the Financial Post’s Larysa Harapyn about the state of the Canadian condo market.

   • Author: Larysa Harapyn

   • Video Duration: 10 min

7. www.bnnbloomberg.ca › business › real-estateToronto condo investors hit by market at ‘recessionary’ level

   www.bnnbloomberg.ca › business › real-estate

   Jul 25, 2024 · About 77% of investors with mortgages on newly built Toronto condos had negative monthly cash flow last year, up from 52% in 2022, according to a report from Canadian Imperial Bank of Commerce and industry consultant Urbanation.

8. www.ctvnews.ca › business › with-condos-not-sellingReal estate in Canada: Worsening crisis as condos sales slow ...

   www.ctvnews.ca › business › with-condos-not-selling

   1 day ago · OTTAWA -. Canada's home ownership crisis is likely to worsen over the next few years as proposed project sales languish at historically low levels, stalling the funding needed for construction ...

9. www.thestar.com › interactives › investors-wreakedHow investors have wreaked havoc on Toronto’s condo market

   www.thestar.com › interactives › investors-wreaked

   Oct 11, 2024 · Toronto's condo market is in crisis. Investors have exacerbated the sector's boom and bust cycle and it's left consumers in the lurch. As interest rates escalated during the pandemic, a torrent...

10. www.reic.ca › article-aug23Canary in the Coal Mine: The Crisis in Canada's Condo Market

    www.reic.ca › article-aug23

    • Cached

    Aug 23, 2024 · Today, the average investor is facing a $1,000 monthly shortfall. With prices falling, the once-lucrative investment landscape now appears far less attractive, prompting early investors to offload properties before they turn into unprofitable ventures.