The Truth About The Oakville Condo Price Slash | Chris Spoke - Toronto Standard

In this eye-opening episode, we sit down with Chris Spoke, Partner at Toronto Standard, for a brutally honest look at the seismic shifts happening in Toronto's real estate market. He breaks down why the recent "Oakville rug pull" wasn't a betrayal by developers but a necessary "price discovery" in a collapsing condo market, and why he believes the pre-construction condo model is "dead for the foreseeable future."

Chris pulls no punches as he discusses the painful lessons for investors, why developers are suing buyers who can't close, and the critical role Canada's "risk-averse" banking sector plays in limiting the housing we desperately need.

But it's not all doom and gloom. Chris reveals where he and his company are placing their bets for the future and makes a surprising prediction about a coming "supply cliff" that will drastically change the market by 2028.

In this interview, we dive deep into:
The Condo Collapse: Why the pre-construction and resale price gap was unsustainable.
Investor Defaults: The legal and financial reality for buyers who can't close.
The Rental Revolution: Why building rental apartments is the only thing that works right now—and the huge opportunity Chris sees starting in 2027-2029.
The Foreign Buyer Ban: Why he calls it a "scapegoat" and believes it should be reversed.
The Bank Problem: How Canadian banking regulations stifle innovation and hurt end-user homebuyers.
The Rent Rollercoaster: Why rents are softening now, but are poised for a major surge.
The Future of Development: How targeting downsizers and changing financing could create better, more family-friendly housing.

Whether you're an investor, a prospective homebuyer, or just concerned about the future of housing in Toronto, this conversation is packed with insights you can't afford to miss.

Where to find Chris Spoke:
Company: Toronto Standard (https://torontostandard.co/)
LinkedIn: Chris Spoke
Twitter/X: @ChrisSpoke

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