Is Canada Propping up Condo Investors to Prevent Prices From Falling?

In 2020 Move Smartly host John Pasalis raised an important concern about Toronto's pre-construction condominium market – that investors were paying a very high price when compared to what existing units were selling for. What would happen if those units were not worth what the investors paid for them when they were done? Many of those units are now completed, and in many cases, they are not worth what investors paid. But why are we not hearing about distressed investors who can't get a mortgage because they overpaid for their condos? In today's episode, John asks if our government and big banks are propping up these condo investors to prevent condo prices from falling. Contact Us Follow John on X-Twitter @JohnPasalis; Email at: [email protected] Follow Urmi on X-Twitter @MoveSmartly; Email at: [email protected] About This Show The Move Smartly show is co-hosted by Urmi Desai, Editor of Move Smartly, and John Pasalis, President and Broker of Realosophy Realty. MoveSmartly.com and its media channels on YouTube and various podcast platforms are powered by Realosophy Realty in Toronto, Canada. You can also watch this episode on our MoveSmartly YouTube channel here: https://www.youtube.com/movesmartly  If you enjoy our show and find it useful, please like, subscribe, share, review and comment on whatever platform you are watching or listening to us from - we appreciate your support!