Why have prices only seen a modest decline in the Greater Toronto Area, despite soaring inventory and sluggish sales? What happens to condos when they get really old? Will they crumble and be insolvent? What happens if I can't close on my preconstruction purchase? Should I sell first or buy first?

Let's analyze the latest data on price changes, sales volume, and inventory levels from August 2024, and how the recent rate cuts by the Bank of Canada and rising unemployment impact the housing market.

Don't mind all the jump cuts in this video, there was a lot of "umms" and "ahhs" -- I was tired when filming this.

Q&A
0:32 Why are home prices stable despite high inventory?
2:55 Should I buy a 40 year old condo?
5:20 I can’t close on my pre-construction purchase!
12:20 Sell first or buy first?

Watch this podcast on YouTube:
https://youtu.be/4-_SfNhcCtg

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