Why are so many Toronto condos sitting empty?

John Palaslis, president of Realosophy, dives deep into Toronto's beleaguered condo market, highlighting the perplexing trend of empty units amid a housing crisis. He discusses the significant plunge in sales, driven by high prices and investor behavior. Palaslis also explores the challenges of high inventory and stagnant prices, stressing the need for government solutions to bridge the gap between population growth and housing availability. His insights shed light on the shifting motivations of buyers and the complexities facing first-time homeowners.