pose a"significant risk" to Toronto's housing market, Pasalis notes, specifically due to the number of investors who are struggling to finance the units they purchased years ago.
If even 10 per cent of purchasers find themselves without the financial means to close on their condos, and potentially needing to declare bankruptcy, Pasalis says there could be a"ripple effect in the broader resale housing market," since the majority of investors are also homeowners.
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