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Toronto developers are getting desperate as no one is buying condos anymore (www.blogto.com)
submitted 9 months ago by lautan@lemmy.ca to c/canada@lemmy.ca
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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 ...

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[-] stoy@lemmy.zip 24 points 9 months ago

Well, they choose to take that risk, that is what an investment is, you buy somethibg that you hope will increase in value, but sometimes you make a bad investment and loose money, that is all part of the game

[-] festus@lemmy.ca 3 points 9 months ago

Oh I'm not saying they should be bailed out or anything, just that I wouldn't call developers 'parasites' as they actually are building homes.

[-] Grandwolf319@sh.itjust.works 4 points 9 months ago

The parasitic part is not the building home part, but the charging you as much as they can part.

I know, I just described capitalism…

this post was submitted on 12 May 2024
145 points (100.0% liked)

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