JUST IN: Canada CONDO Market Is FAILING — 100,000 EMPTY Condos FLOOD the Housing Market!

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Canada's condo market is experiencing an unprecedented crisis with over 100,000 empty units flooding the market. This comprehensive analysis breaks down exactly where these vacant condos are located, why Toronto requires 6+ years to absorb current inventory, and how investor economics collapsed from positive cash flow to 82% of leveraged Toronto condo investors losing $597 monthly on average.

Discover why new condo sales in Toronto hit their lowest level since 1996 (just 4,590 units in 2024), how Vancouver's Empty Homes Tax successfully reduced occupied vacancy to 0.49% while unsold new inventory doubled to 24-year highs, and what the construction collapse means for Canada's housing supply by 2027.

This video examines verified data from CMHC, Urbanation, Statistics Canada, and major bank forecasts to explain the three categories driving the 100,000 empty condo figure: approximately 50,000 unsold developer inventory, 50,000+ units in short-term rentals, and thousands of investor-owned vacant units.

SOURCES:

CMHC Rental Market Report Fall 2024: https://www.cmhc-schl.gc.ca/professio...
Urbanation GTHA New Condo Sales 2024 Report: https://www.urbanation.ca/news/gtha-n...
Statistics Canada Investors in Condominium Market 2022: https://www150.statcan.gc.ca/n1/daily...
CIBC-Urbanation Condo Market Analysis (via Deeded): https://www.deeded.ca/blog/toronto-co...
Vancouver Empty Homes Tax 2024 Results: https://vancouver.ca/news-calendar/eh...
CBC Metro Vancouver Unsold Condos Report: https://www.cbc.ca/news/canada/britis...
Urbanation Condo Cancellations Record High: https://www.urbanation.ca/news/condo-...
Statistics Canada Short-Term Rentals Study 2024: https://www150.statcan.gc.ca/n1/pub/1...
CMHC Housing Supply Report Fall 2024: https://www.cmhc-schl.gc.ca/professio...

Every claim verified with primary sources.

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Disclaimer:
We’re real estate enthusiasts—not licensed agents, appraisers, or financial advisors. All content is based on publicly available data, market observations, and personal opinions, and is shared for entertainment and general information only. Accuracy isn’t guaranteed. Always consult a qualified real estate professional, attorney, or financial advisor before making any property, investment, or relocation decisions.This video provides fact-based analysis without political bias—just economics, data, and real-world impact on families, developers, and the construction industry.