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Toronto developers are getting desperate as no one is buying condos anymore (www.blogto.com)
submitted 6 months ago by lautan@lemmy.ca to c/canada@lemmy.ca
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Condo sales numbers in and around Toronto have taken a drastic tumble so far this year, and now that the market is starting to lean towards buyers ...

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[-] orcrist@lemm.ee 4 points 6 months ago

Nobody is buying anything, my friend. It's the natural result of real estate speculation. Prices have to keep going up for investors to make their money, but at some point residents can't afford to buy, so they don't, and we wait for the bubble to burst. The whole field ought to be illegal, because housing is a human right.

this post was submitted on 12 May 2024
144 points (96.2% liked)

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