Why are so many Toronto condos sitting empty?
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Transformations in Toronto's Condo Market
This chapter explores the current challenges in the Toronto condo market, spotlighting small apartments and their sales dynamics amid rising prices and interest rates. It analyzes the oversupply of unsold units, driven by investor behaviors and financial strain on landlords. The discussion also contrasts the motivations of investors with younger potential homeowners, revealing a significant shift in the market landscape.
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