Toronto condo crisis: Why a full-blown meltdown looks unlikely for now

Toronto's condo market faces a sharp correction with falling demand, prices, and a surge of new inventory expected, deepening challenges for investors. Lower immigration and rising interest rates have increased mortgage costs, reducing buyer interest. While short-term oversupply looms, construction is slowing, limiting long-term supply. Prices have dropped about 7% year-over-year, but demand may rebound once the market nears its bottom.