Is the TORONTO CONDO MARKET About to Crash? (Pre-Con Assignment Crisis)

Is the Toronto Condo Market About to Crash?
Pre-construction condo sales in Toronto are in trouble. From skyrocketing assignment listings to stalled projects and developer bankruptcies, the cracks in the system are widening fast. In this video, we analyze the real numbers behind Toronto’s condo crisis and explain what assignment sellers, buyers, and investors need to know right now.
• Why assignment sales are flooding the market
• What an assignment sale is and why it matters in 2024
• The risk of developer bankruptcies and delayed completions
• How scheduled occupancies are overwhelming the GTA
• Why sellers are being unrealistic with their pricing
• How to market an assignment properly (and legally)
• HST costs and hidden fees on new developments
• The truth about pre-con investing strategies today

0:00 – Pre-Con Assignment Sales Explained
0:10 – Toronto Condo Market Breakdown
0:50 – What Is an Assignment Sale?
2:04 – Assignment Listings Skyrocketing in Toronto
3:32 – Developers and Bankruptcy Risk
3:49 – How Assignment Sales Are Marketed
4:30 – Delusional Seller Expectations
4:50 – Condo Sales Are Plummeting
5:45 – Scheduled Occupancies Are Exploding
6:35 – New Condo Projects in GTA
7:25 – Assignment Sale Step-by-Step
8:48 – HST on New Developments

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“Disclaimer: This video reflects my personal opinions and is for informational and entertainment purposes only. It should not be considered professional advice. I am not responsible for any actions or decisions taken based on this content, and I disclaim all liability for any loss or damage incurred. Please consult a qualified professional for specific guidance.”