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Toronto developers are getting desperate as no one is buying condos anymore (www.blogto.com)
submitted 2 years ago by to c/canada@lemmy.ca
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Condo sales numbers in and around Toronto have taken a drastic tumble so far this year, and now that the market is starting to lean towards buyers ...

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[–] 3 points 2 years ago (1 child)

I'm perfectly fine with hating and even blaming developers. These are people who have decided that making money is a good enough excuse to cause suffering.

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  • [–] 1 point 2 years ago

    I find it hard to blame people for doing what they are incentivized to do. Sure, I would love if everyone is morals first but given the open to build a "luxury" condo that gets N% return on investment or a "basic" condo that gets %M return on investment they are going to build whatever one is higher.

    Most of the blame should lie on the government for not creating the correct rules and incentives.

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