Posted Dec 15, 2025, 5:41 PM
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I am the law!
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Join Date: Sep 2002
Location: Toronto+
Posts: 22,890
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The condo market is effectively dead for the first time in 30 years and the rental market is being held up by housing initiatives. The situation is not comparable to the numerous valleys during the boom that turned around into peaks with simple price reductions. This boom is over. Building to maximum densities is probably in the past given that every proposal is seemingly over 40 storeys in the vast downtown area and near transit stops.
I would not bet on a supertall with 1100 units to sell if this is released by 2028. They'll probably just sit on it past 2028 but, at some point, pressure to build or get out and write down the losses will mount.
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