144
submitted 7 months ago by lautan@lemmy.ca to c/canada@lemmy.ca

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
[-] psvrh@lemmy.ca 27 points 7 months ago

Have they tried building average, affordable condos instead of luxury condos?

They don't want to, because that would mean less money. If they slap some cheap faux marble and an extra sink in the bathroom, they can charge tens of thousands of dollars more for the same space.

The rich will not accept making the same or less money for a year or so. They have to have more. A lot more.

this post was submitted on 12 May 2024
144 points (96.2% liked)

Canada

7280 readers
207 users here now

What's going on Canada?



Related Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales


🗣️ Politics


🍁 Social / Culture


Rules

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


founded 4 years ago
MODERATORS