Toronto Condo Nightmare: Buyers Sued Into Bankruptcy

Toronto Condo Nightmare: Buyers Sued Into Bankruptcy
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►► Toronto Condo Nightmare: Buyers Sued, Facing Bankruptcy Over Pre-Construction Deals

Pre-construction condo buyers are being sued. Some are even being pushed right into bankruptcy. And the worst part? This isn’t over; it's just the beginning.

In this episode, I break down:
— Why developers like CentreCourt are suing condo buyers who walk away from their pre-construction condo contracts;
— How some condo buyers are now facing six-figure judgments and damaged credit for years;
— The flawed incentive system that led to this and how policymakers and banks enabled it;
— Why condo unit sizes shrank and were sold to investors who never planned to live in them;
— How the entire Toronto pre-construction condo model was designed for flipping, not for living;
— Why this market isn’t coming back soon and what that means if you’re holding or planning to buy a condo in Toronto;
— Whether you're an investor, an end-user, or just trying to make sense of the headlines, this video gives you the full context of the current pre-construction condo landscape.


00:00 - The Toronto Condo Crash
00:57 - Why Pre-construction Condo Buyers are Bankrupt
03:29 - Over $400K in Condo Losses
04:36 - The Canadian Government Got It Wrong
06:19 - Why Condos Shrank
08:00 - Why Condo Prices Continue to Crash


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#torontorealestate #torontocondos #torontocondomarket #preconstruction #torontopreconstruction #preconstruction #condocrash #condobuyer #condoprices

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Find Zhen Here:
Book A Call: www.ChatWithZhen.com
Email: Zhen@PrimePropertiesTO.com
Website: http://www.PrimePropertiesTO.com

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