144
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
49 comments fedilink hide all child comments
 

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 ...

you are viewing a single comment's thread
view the rest of the comments
[–] 1 point 2 years ago* (1 child)

he was making maybe $10,000 in profit for a 3 month process.

He was making $40k a year and that was enough to upend the entire regional market?

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •
  • [–] 3 points 2 years ago

    That is per mobile home. But yes, eventually he got priced out of doing multiple mobiles at once.

    If it was only him doing this, the system would have corrected itself. The issue is thousands of people were doing this.

  • permalink
  • fedilink
  • source
  • parent