145
Toronto developers are getting desperate as no one is buying condos anymore (www.blogto.com)
submitted 6 months ago by lautan@lemmy.ca to c/canada@lemmy.ca
46 comments fedilink hide all child comments

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 ...

you are viewing a single comment's thread
view the rest of the comments
[-] stoy@lemmy.zip 24 points 6 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 6 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 6 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)

Canada

7215 readers
363 users here now

What's going on Canada?

Communities

🍁 Meta

🗺️ Provinces / Territories

🏙️ Cities / Local Communities

🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer

💻 Universities

💵 Finance / Shopping

🗣️ Politics

🍁 Social and Culture

Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca

founded 3 years ago
MODERATORS
otter@lemmy.ca