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Toronto developers are getting desperate as no one is buying condos anymore (www.blogto.com)
submitted 6 months ago by lautan@lemmy.ca to c/canada@lemmy.ca
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Condo sales numbers in and around Toronto have taken a drastic tumble so far this year, and now that the market is starting to lean towards buyers ...

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[-] kandoh@reddthat.com 29 points 6 months ago

Developers made condos as tiny as humanly possible, to the the point where a bedroom could just barely fit a queen sized bed into it with nothing else.

[-] SamuelRJankis@lemmy.world 13 points 6 months ago

That because they aren't primarily meant for people who buy them to live in, they're just suppose to be flipped after a few years by investors or rented out.

Half of BC's New Condos Apartments Are Investor Owned

this post was submitted on 12 May 2024
144 points (96.2% liked)

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