this post was submitted on 22 Oct 2025
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Long overdue for a correction. I agree with the article largely.
Condos will sell just not for the price that they want. I honestly never thought I'd see this bubble pop and I don't want to say I'm delighted because there are many people that can be or are hurt by this ... however, we needed to see housing as differently than we've been doing so.
Do you think it will drop more? What is a fair price?
I think it'll drop more? I don't see any uptick specifically with respect to the condo market just yet? My friend who's a real estate agent says it's going to go further but he's like very Chinese and his analysis is based on Feng Shui so I don't know how I feel about that.
A fair price is harder to pin down because there are different types of condos in different locations with different amenities as well. Also, as much as I hate housing costs in Toronto and it is high. This is a global phenomenon too. So like, personally, I'd just want housing to be in the reach of a regular Canadian with a decent salary but there's so many macroeconomic factors at play that a "fair price" is something I'm genuinely not qualified to answer.
It's so hard to predict the future. From one had the demand is there- lots of people are looking for homes and condos. From another hand, sales are low which will drop prices more.
Very difficult to say.
Considering those who would lose the most are landlords, I don't feel bad at all. The little guy I definitely have sympathy for, but this needs to happen.