‘It’s only bad news’: Canada’s condo market collapse

Ron Butler, founder of Butler Mortgage, discusses Canada’s struggling condo market, the trend of developers selling unsold units in bulk to financial firms to avoid distress, and why this is failing to stabilize market prices. He argues that an oversupply of new rental towers and high municipal fees will ensure continued price declines, with no new condo construction starts on the horizon due to unworkable economics.