Why Lower Prices Haven’t Solved the Housing Crisis
TLDR
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Toronto Condo Market Decline
This chapter examines the steep decline in condo sales in Toronto, with a notable 23% drop from the previous year and a 20% decrease in home prices since early 2022. It explores the historical context of the condo market's boom, the impact of rising interest rates, and how the current volatility reflects broader Canadian real estate trends. The conversation raises concerns about the socio-economic implications of falling property values and the ongoing debate between renting and buying amid uncertain market conditions.
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