Toronto Pre-Construction Owners are DISTRESSED - Here's What This Means for Toronto Condo Prices

Toronto Pre-Construction Owners are DISTRESSED - Here's What This Means for Toronto Condo Prices

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►► There are literally 80,000+ pre-construction units being developed right how. How many of them are owned by Toronto Real Estate investors, end users or pure speculators? Toronto pre-construction owners who've hedged on the Toronto Condo market may be under water and in a lot of trouble soon once they find out their condo unit is closing and they cannot afford to close on the condo.

So how big of a shift will this distressed Toronto pre-construction condo market make on the Toronto real estate market as a whole, even if only a portion of these condo owners cannot close? In this episode of Prime Properties TV, I break all of this pre-construction condo mess down, along with providing my risk assessment of this condo market segment and the type of impact it will have on the overall Toronto Real Estate Market. Be sure to tune in, you won't want to miss it!

#TorontoRealEstate #TorontoCondoMarket #TorontoRealEstateMarket

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