Over 40,000 condo units are sitting unsold across the Toronto GTA—equal to 5–6 years of inventory—and the ripple effects are spreading nationwide. This breakdown explains why buyers aren’t stepping in, why rate cuts won’t fix the imbalance, and how investor psychology is cracking. From Toronto to Calgary price cuts, failed listings, job insecurity, and looming mortgage renewals, this is what a real housing reset looks like heading into 2026—and why it may get worse before it gets better.
Canada
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