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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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[-] Leviathan@lemmy.world 3 points 1 month ago

I'm perfectly fine with hating and even blaming developers. These are people who have decided that making money is a good enough excuse to cause suffering.

[-] kevincox@lemmy.ml 1 points 1 month ago

I find it hard to blame people for doing what they are incentivized to do. Sure, I would love if everyone is morals first but given the open to build a "luxury" condo that gets N% return on investment or a "basic" condo that gets %M return on investment they are going to build whatever one is higher.

Most of the blame should lie on the government for not creating the correct rules and incentives.

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

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