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Toronto developers are getting desperate as no one is buying condos anymore (www.blogto.com)
submitted 1 month ago by lautan@lemmy.ca to c/canada@lemmy.ca
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Condo sales numbers in and around Toronto have taken a drastic tumble so far this year, and now that the market is starting to lean towards buyers ...

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[-] psvrh@lemmy.ca 27 points 1 month ago

Have they tried building average, affordable condos instead of luxury condos?

They don't want to, because that would mean less money. If they slap some cheap faux marble and an extra sink in the bathroom, they can charge tens of thousands of dollars more for the same space.

The rich will not accept making the same or less money for a year or so. They have to have more. A lot more.

this post was submitted on 12 May 2024
144 points (96.2% liked)

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