Looks like Toronto housing bubble is starting to burst with developers are quietly cancelling condos. Meanwhile, total condo sales fell by 75% from 2022 to the first quarter of 2025, according to data from market research firm Urbanation, and the average resale condo price dipped by 13%.

https://www.thestar.com/real-estate/toronto-developers-are-quietly-cancelling-condos-for-the-first-time-the-star-has-mapped-the/article_741d7449-6353-42cf-bb83-ebf0d5c6a4ad.html

#toronto #ontario #canada #economy

@yogthos Honestly, as a home owner, I welcome this. Yes, my it complicated my retirement planning and hurts my individual bottom line, but as a city and a society, we need this. Not only are housing prices out of hand, but the idea that housing prices always go up, reliably, forever, is what fuels housing being bought up by investors instead of people who actually want to live in said houses.