Episode #135 | Are The Golden 🥇 Years Of Toronto Condos Over For Good 🫢? | Toronto Real Estate

Toronto’s pre-construction condo market is officially in crisis. Is this the end of the golden age for investors, or the reset the city desperately needed?In this episode of the Toronto Real Estate Podcast, Ralph Fox sits down with Ben Myers, President of Bullpen Research & Consulting, to unpack what is really happening behind the headlines. From record pre-construction failures to record completions, from broken project pro formas to stalled launches, this conversation goes deep on what it means for buyers, sellers, renters and small-scale investors across the GTA.Ben explains why the pre-construction model in Toronto is “broken,” how we got here after a 27-year bull run, and why a severe supply crunch is already being baked into 2028 and beyond. They break down the massive spread between resale and pre-construction prices, the impact of taxes and development charges, why declines in land and construction costs are not enough, and why over 30 percent of a new condo price is effectively government fees.You will also hear a candid discussion about purpose-built rentals, CMHC programs, rent control risks, unit-size myths, family housing, immigration policy, and why earning 250K a year in Toronto still does not guarantee home ownership. Most importantly, Ralph and Ben look ahead to 2026, 2028 and the early 2030s to map out what a realistic recovery could look like for Toronto real estate. ____________________________________________________Speakers:Ralph Fox (Co-Founder and Broker of Record at Fox Marin)Ben Meyers (President of Bullpen Research & Consulting)