Housing reporter Diana Zlomislic discusses Toronto's slumping condo market, highlighting challenges like high vacancy rates, market saturation, and changing buyer preferences. The analysis compares the current market state to a previous hot market period, showcasing longer selling times and occasional price drops. The trend of smaller investor condos sparks debate, emphasizing the need for larger, affordable housing options. Challenges in the pre-construction market, such as diminishing sales and creative sales tactics, are explored with a focus on potential market recovery post-pandemic.
