Toronto Condo Market Seeing 'Acute Areas of Pain': GTA Lawyer Mark Morris

#torontorealestate #torontocondomarket #canadianrealestate Toronto’s Condo Market is experiencing some “areas of acute pain,” as those ‘investors’ that purchased in 2020/2021 are not able to close on (or sell the contract to) their completed properties. Chapters 0:00 - Introduction 02:14 – Condo Market Pain 03:35 – Dog Crate Condos 06:52 – Builder Pain 10:50 – Appears Contained 12:16 – Property Mania Broken? 13:32 – 2008 Financial Crisis 18:07 – Who bought the Condos? 20:59 – Overleveraged Middle Class 23:14 – Not Mass Panic 23:32 – Intergenerational Transfers 25:16 – 2026 and Beyond 25:43 – Options Available for Investors Links: Mark Morris – GTA Lawyer - https://www.legalclosing.ca/ Toronto region condo sector sees deepening slump as sales fall 81 per cent in the third quarter: https://www.theglobeandmail.com/busin... Condo owners' pain could be condo buyers' gain, as market meltdown continues: https://financialpost.com/real-estate... Monetary aggregates: https://www.bankofcanada.ca/rates/ind... Investors now make up more than 25% of Ontario homebuyers, pushing prices higher, experts warn: https://www.cbc.ca/news/canada/toront... 65% Of Small Toronto Condos Are Owned By Investors: https://storeys.com/toronto-condo-inv... Toronto’s rents are finally falling. Here’s why it’s happening — and how long prices could drop: https://www.thestar.com/real-estate/t... Defaulting Purchasers Lose their Deposits, Even in Rising Real Estate Markets: https://canliiconnects.org/en/comment... Why was Canada Exempts from the Financial Crisis?: https://www.richmondfed.org/~/media/r... Household Debt to GDP for Canada: https://fred.stlouisfed.org/series/HD... Household Debt to GDP for United States: https://fred.stlouisfed.org/series/HD... Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) [email protected] Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel:    / markmitchellmortgagebrokerlondonontario   Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram -   / mortgagebrokerlondonontario   Facebook -   / londonontariomortgages   Twitter -   / londonmortgage1   LinkedIn -   / mark-mitchell-london-s-mortgage-broker-197...   TikTok - https://www.tiktok.com/@mortgagebroke... Commentary on this Channel should not be considered financial advice.