Toronto Condos Need to Drop 40% Just to Break Even. We Still Would Not Buy One. #TorontoRealEstate

Toronto condo prices have already fallen 20% from peak and you are still losing over $1,000 a month. For a condo to break even on cash flow, prices would need to fall another 40% on top of that. In this video we show you the math, explain why break even is still not good enough, and show you what $60,000 more in capital actually gets you instead. 💬 FREE Strategy Call: https://www.elevatepartners.ca/contact/ 🔥 FAVE Deal Now: https://www.elevatepartners.ca/best-i... 👀 More Behind the Scenes:   / elevaterealtyca   Toronto condos are already down 20% from their 2022 peak of $831,351 to $665,507 as of April 2026. But even at today's prices a typical two bedroom condo in Toronto is losing over $1,075 a month after mortgage, condo fees, property tax, and utilities. For a condo to break even on cash flow, prices would need to fall from today's $665,507 all the way down to around $466,000. That is another 30% drop from today, or 44% total from peak, putting prices back at 2015 levels. That has never happened in Toronto real estate history. And even if it did, break even is not a floor for a good investment. For roughly $60,000 more in capital you can buy a Toronto three unit multiplex that makes you $1,896 a month in positive cash flow, improves your mortgage qualification for your next purchase, and gives you land ownership, value-add potential, and garden suite upside that a condo will never offer. We cover all of it with real numbers from the calculator and real data from TRREB. This content is educational only — not financial, legal, or tax advice. Past results don’t guarantee future returns. #TorontoRealEstate #torontorealestateinvestment #CashFlow #TorontoMultiplex #realestateinvestingcanada Claude responded: 0:00 – Hook: condos already down 20%, still losing $1,000/month0:00 – Hook: condos already down 20%, still losing $1,000/month 0:17 – Prices would need to fall another 30% just to break even 0:22 – That's a 50% total drop, never happened in Toronto history 0:46 – The math: $750K two-bedroom condo today 0:58 – $175K out of pocket to get in 1:10 – Renting for $3,000/month, still losing $1,000/month 1:30 – Break-even price: $450K, another 30% drop needed 1:48 – Worst crash in Toronto history was only 30% from peak 2:03 – Why even breaking even isn't good enough 2:21 – Condo fees, tenant stress, and the borrowing problem 2:54 – The flip: $60K more gets you a triplex instead 3:02 – $1M house, $235K out of pocket, three rental units 3:17 – $6,700/month rent, close to $2,000/month positive cash flow 3:32 – How positive cash flow helps you qualify for your next property 3:48 – Subscribe ask 4:03 – Why the gap is bigger than just cash flow: land ownership 4:43 – Condos are a finished box, limited value-add 5:02 – Houses: update kitchens, bathrooms, floors, raise rents and value 5:11 – Garden suites and laneway suites: ~9% cap rate on what you put in 5:46 – What to do if you already own a condo with equity 6:22 – Recap: condos down 20%, need another 40% to break even 6:30 – For $60K more, get $2,000/month positive cash flow instead 6:53 – Current market conditions: rents down, prices down, rates down 7:01 – Buyer conditions, inspections, negotiating power right now 7:16 – CTA: book a free strategy call