The Missing Middle with Mike Moffatt and Sabrina Maddeaux Ontario’s Housing Sales Collapse: It’s Not Just Toronto Condos
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Sep 24, 2025 Ontario's housing market faces a crisis beyond just downtown condos, with alarming drops in sales across 34 municipalities. Pre-construction sales are plummeting, signaling a bleak future as affordability worsens. Experts predict a staggering loss of 21,000 jobs tied to the weakened housing sector. The ambitious target of 1.5 million new homes by 2032 feels increasingly unreachable. Political accountability remains lackluster, raising questions about government action as the industry treads into uncertain waters.
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Hosts Describe Personal Buying Hesitancy
- Mike Moffatt says he isn't buying a home anytime soon and may only buy for his kids much later.
- Sabrina Maddeaux also says she won't buy soon, citing high prices and impossible down payment savings without family help.
Slowdown Is Provincewide
- The housing slowdown in Ontario is widespread across the GTA and Golden Horseshoe, not just downtown Toronto.
- The decline affects many municipalities like Brantford, Kitchener, Waterloo, and Barrie, showing a regional collapse.
Ground-Oriented Homes Also Slumping
- The market slump hits ground-oriented homes as hard as condos, with steep drops in single-detached, semi, and townhome activity.
- This shows the problem goes beyond investor-driven condo oversupply to family housing demand collapse.