New home and condo sales plummet as prices rise: report

Report raises alarm that development may start to slow because of waning demand, a big concern with Ontario’s undersupply of housing.

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mooseofdoom23
mooseofdoom23
15 · 6 months ago · Reddit

“Despite”

Ben Cohen a clown for writing this title

Edit: lmaooo he edited the title

beetownmom
beetownmom
10 · 6 months ago · Reddit

So listings went from having 150 bids over asking to only 90.

NitroLada
NitroLada
6 · 6 months ago · Reddit

Prices aren't going to decrease for new builds, developers will just stop building.

Resale.. you'll have some desperate people who bought a new place/​pre con and need to sell to make it... but a lot don't need to sell so resale prices will have a floor because new builds won't decrease in prices...so supply will still be tight because developers aren't stupid and won't sell for less than before, they'll just throttle supply and that's perfectly fine with them especially the big ones who control most of the supply