Condo Problems Expected To Get Worse In 2025 (GTA Condo Real Estate Market Update)

[@parthppatel28]

It won't just be condos in 2025.. I won't say much much I'll let the time tell the tale.. rates cut aren't going to save the market. It'll become market truly in favor of end users.

[@Inkill2009]

You're in dream land. Good luck with that sentiment.

[@parthppatel28]

@Inkill2009 give that good luck to condo dreamlanders. They'll need it.

[@Inkill2009]

@parthppatel28 we will see who is correct in 3-5 years from now. This is a temporary problem lasting a couple or so years. Condo developments have slowed down, almost to a complete halt, and very few will be available for listing in 2028 and beyond. Prices will always go up, inflation will keep rising whether you, your grandkids, or your great grandkids like it or not.

[@vert911]

rate cuts already saved the market through diffusing the renewal crisis

[@parthppatel28]

@@Inkill2009 not sure how many people will I educate on internet. Looks like you're a fresh one. I never argued that point about inflation and what it has done in past. The bottom line is median incomes vs prices. If incomes can't keep up then nothing matters bud. Also with some geopolitical events progresses we'll see the our purchasing power will erode (it's inevitable). This will remove the air out of the everything bubble not just real estate.. you'll see for yourself, be ready for it.

[@Carolinapetroska]

Yes definitely worse with inventory piling up and lack of demand.

[@MithunDas-yf2fu]

It's greed that has caused this situation.

[@Carolinapetroska]

Yes Canada greed 100% !

[@feroserehman5235]

500% right. Common sense dictates

[@rom4486]

Even if they drop be 50% , it’s shoe box no one won’t , I wonder where all the high income people will come from , $250k-$300k income needed to get mortgage , and fake income won’t work anymore

[@Ma3kot33]

This is what happens when widespread greed drives market.

[@BeaconOf_Light]

Brad lamb stated in the queen west post that condo prices will jump 20% in 2025. Be careful out there. The weasels and snakes are everywhere

[@vert911]

Because they likely will in the core. When everything is at the seemingly bottom, buyers flock to the best condo living areas. Proof is in the numbers on the screen. Core sale price average holding up over the slow holiday season.

[@BeaconOf_Light]

@ thanks for calling the bottom. Please let me know where you purchased your crystal ball

[@1964Loukas]

​@BeaconOf_Light No more space available in Toronto ....there is only one way to go eventually....UP...UP...and UP! Wait till builders stop building. And they will. The communists did try to screw up the system....hopefully their time is done.

[@GreenBeanGreenBean]

@@BeaconOf_Light ah yea listen to a guy thats been in the business (aka Bill Gates running microsoft) or a bunch of clowns on the internet spewing out gibberish.

[@GreenBeanGreenBean]

@@BeaconOf_Light always funny when you call people that have been in the business and are successful what you did, and then you think the internet warriors are right..... you need your head checked.

[@gimusk5667]

The muppet boiler room condo flipping market is dead 😂

[@Inkill2009]

This has happened time and time again in the past, and it will keep happening in the future. Prices will ALWAYS go up in the long term. History repeats itself.

[@AliKhan-bu1fp]

With constant spike in inflation condos will be the only best option for end users and investors in future. Just wait for it for 2-3 yrs

[@sc00bs63]

the empty property tax will be the final nail in the coffin, seller capitulation is coming

[@GreenBeanGreenBean]

Interest rates coming down will be flipping almost every condo buyer into positive cashflow. Those of us with low mortgage debt are already heavily cashflowing and are printing money. Will be buying more this year for sure.

[@JeffreyLee-u8i]

What about increasing inventory, lower immigration, higher taxes, higher repair costs, higher insurance, etc. Are you suggesting these facts should be ignored. Affordability is an unmitigated disaster when you consider Canadian incomes and unemployment increasing. Great government.

[@GreenBeanGreenBean]

@@JeffreyLee-u8i unemployment is going up because of population growth, not because people are being fired. Incomes of actual buyers (the top 25 percent) are going up at the fastest rate ever. Yes median income isnt going up fast, but those are renters not buyers. I personally havent seen rents coming down, and the expenses arent going up that quickly now. People making a big deal about immigration but I still got chinese students for 4 years easily.... people overblowing that as well. In fact, most of your list isnt actually a thing (even tho everyone and their dog cries about it).. it is kinda like the people crying about negative cashflow, yet they do not understand that the investor is still making money (their net asset value is going up as their cashpile is going down).... getting a mortgage is positive cashflow, you got a pile of money and also a mortgage debt... is that a good thing? Paying off your credit card is negative cashflow, you spent money to reduce debt... is that a bad thing? That is entirely what the investor is doing.

[@teamsessa]

Hi GreenBean, You make very interesting points. It’s especially important to know/understand what’s actually happening to the income & expenses of actual buyers. A minimum wage increase does not affect the buyer pool for example. However, I have worked with last year and currently am working with buyers & sellers that have been layer off in the tech industry. And, rents have been declining. Appreciate your input as always.

[@ianwally818]

Lower the price.

[@mr.d4295]

By the end of 2025 Toronto condo prices will be down by at least 50% from current prices

[@GreenBeanGreenBean]

you misspelled up

[@Inkill2009]

@@mr.d4295 History repeats itself. Prices go up - not down. Whether it's food, housing, electronics, cars, you name it. You are suffering from what many in the academic field call delusional.

[@Motivationalvideousa]

Your content is absolutely delightful! I’d love to collaborate and help you maintain a regular upload schedule by managing the editing, thumbnails, and more. This way, you can focus on what you love-creating! Let’s chat tomorrow about how we can make this happen

[@সনুউই-এর-ছমন্বয়ক]

Which neighborhoods do you think best for condo and freehold townhouse?

[@nairbos]

don't buy a condo lol

[@সনুউই-এর-ছমন্বয়ক]

@ @ Freehold condo is good investment in which neighborhood?

[@Seaward1224]

As long as it’s cheaper to rent than own it’s not very motivating to buy!

[@fingersm]

Probably Nashville or Huston.

[@Carolinapetroska]

Lol. None putting money in the Canadian real estate market now is pure financial suicide !