Interview on CREB TV
It's not often that you get to be interviewed right after Benjamin Tal, the Deputy Chief Economist of CIBC World Markets Inc. but I had this pleasure when I was interviewed on CREB TV to break down what’s really happening in the Toronto condo market, and why I believe we’re heading toward a major housing supply issue. Thanks for having me on Vanessa! Right now, we’re seeing something unprecedented. New condo sales have dropped dramatically - down nearly 99% from peak levels. Pre-construction activity has slowed to a near standstill, and developers are pulling back. But this isn’t just about today’s market… In this interview, I explain:
Why investor demand has fallen off
What’s changed in the economics of pre-construction
Why developers are pausing new projects
And how this sets up a housing supply cliff between 2027–2029
Here’s the key insight: If we don’t build today, we won’t have inventory tomorrow. And when supply disappears while demand returns, the outcome is predictable:
Fewer available units
Increased competition
Rising rents
Stronger long-term price growth
This is how real estate cycles work, and we’re in the part of the cycle most people misunderstand. The opportunity isn’t when headlines turn positive. The opportunity is when the data shows a disconnect.
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Kyle Dovigi
Real Estate Broker | CondoMillionaire.com
Anyone can become a Condo Millionaire - it all starts with one.
Disclaimer: This article is for informational purposes only and does not constitute financial, legal, or tax advice. Rebate eligibility, timelines, and final legislative details are subject to change pending passage of provincial and federal legislation. Always consult a qualified real estate lawyer, accountant, or financial advisor before making investment decisions.
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