After the Surge: Understanding the GTA’s Housing Market Decline

Sam Billard of Aird & Berlis argues that the GTA housing downturn reflects a structural reset rather than a temporary dip, as falling population growth, collapsing condo demand, and investor retreat collide with stubbornly high construction and government costs, leaving developers unable to build profitably, projects stalled or insolvent, and lenders facing a prolonged period of controlled workouts rather than recovery.

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