#canadianrealestate #canadianeconomy #realestateagentsBook A Call With Us Here (It's absolutely free) 🏡 👇🏼https://calendly.com/cortezandbrookeOther Contact Information 🤝📱 call or text 289-795-5773📧 email: cortezranieri@gmail.com💻 website: https://cortezranieri.caIn this episode, we dive deep into the alarming state of the Toronto condo market, where only 53 new units were sold in September, signaling a significant downturn. We explore the implications of this trend on pre-construction projects and discuss the surge in rental inventory in the GTA, driven by purpose-built rentals. Additionally, we touch on the rising cost of living in Canada and its impact on everyday life. Join us as we navigate these pressing issues and more, offering insights and perspectives on the current real estate landscape.Chapters00:00 Introduction and Overview of the Real Estate Market00:42 Toronto Condo Market Crisis02:35 Record Rental Inventory in the GTA04:19 Rising Cost of Living in Canada07:26 Real Estate Price Declines in Ontario10:05 Baby Boomers and Home Selling Trends12:17 Impact of Study Permit Declines on Real Estate14:56 Alberta's Energy Projects and Economic ImplicationsTakeawaysOnly 53 new condo units sold in Toronto in September.Record rental inventory in the GTA is pushing above pandemic peaks.Cost of living is a top concern for two-thirds of Canadians.People are opting for expired food to save money.Durham region has seen a 31% drop in real estate prices.One in three baby boomers will never sell their home.Decline in study permits from India could impact housing markets.Alberta's energy projects are crucial for economic growth.Investment in housing is shifting from students to families.Rising inventory and declining sales indicate a challenging market.