Ontario Premier LOSES IT as 11,000 Cancelled Condos Trigger MASS FAILURES!

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Nearly 11,000 condo units across Ontario have been cancelled, stalled, or pushed into receivership as the pre-construction market faces its biggest challenge in three decades. This video breaks down exactly what happened, why projects that looked viable in 2022 are now financially impossible, and what this means for anyone buying, selling, or investing in Ontario real estate.

Using verified data from Urbanation and CMHC, we examine:
50 condo projects cancelled, suspended, or in receivership by Q3 2025
24,000+ unsold new condo units sitting in GTA inventory
64% drop in new condo sales (2024 vs 2023)
Why developers need 70% pre-sold but are only hitting 45%
Real cancelled projects: The Borough, The Clove, and Ardea Vancouver
How interest rates jumping from 2% to 5% broke the pre-construction model
What happens to buyer deposits when projects get cancelled
Future supply implications when construction stops today
Whether you're considering pre-construction, own a condo, or invest in Ontario real estate, this video provides the market context you need to make informed decisions.

📚 SOURCES & FURTHER READING:

Urbanation - GTHA Condo Cancellations 2024 Report: https://storeys.com/gtha-condo-cancel...
Toronto Condo Boom Bust Analysis - TorontoToday: https://www.torontotoday.ca/local/cit...
CMHC/Urbanation Toronto Condo Cancellations Report: https://aifinancial.ca/aif-news-bites...
The Clove Cloverdale Mall Cancellation - Toronto Life: https://torontolife.com/real-estate/c...
The Borough Scarborough Buyer Frustration - CityNews: https://toronto.citynews.ca/2025/08/1...
Vancouver Ardea Project Cancellation: https://www.alyssadotson.com/Blog.php...

Every claim verified with primary sources.

#realestate #realestatemarket #propertymarket

For any questions or content inquiries, you can write to me at: canadahousingreport@gmail.com

Disclaimer:
We’re real estate enthusiasts—not licensed agents, appraisers, or financial advisors. All content is based on publicly available data, market observations, and personal opinions, and is shared for entertainment and general information only. Accuracy isn’t guaranteed. Always consult a qualified real estate professional, attorney, or financial advisor before making any property, investment, or relocation decisions.This video provides fact-based analysis without political bias—just economics, data, and real-world impact on families, developers, and the construction industry.