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Condo market poised to follow fall of detached home prices, says realtor

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Some condo owners who used to break even on their investments now face a different reality. Read more

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“A lot of investors are opting to actually hit the sell button and I think that we’ll see maybe a little bit more pressure on the inventory side in 2023,” he said. Another thing to keep an eye on in 2023 is the pre-sale market. Those who have entered a pre-sale agreement during the pandemic will have to qualify at a stress test of seven and a half per cent, Saretsky said.Article content

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why wouldn't it?

They went up way too high especially in the GTA area. This is just a correction

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