The Condo Crash Is So Bad They're Trying To Stop It!

The condo market is crashing so hard

that governments are now trying to bail

it out.

>> Canada will invest $4.4 billion over 10

years, matched by Ontario, a total of

8.8 billion.

>> And we all know why. It's because the

banks are implicated themselves into

this mess. When you take a look at bank

loans from major banks to condo

developers, it has skyrocketed in most

recent years. So, let's take a look at

what they invested in. And you're just

going to be blown away by the speed of

some of these declines. We're going

across the entire country here just to

illustrate how bad the condo market

really is, at least the places we have

data here. And it's really the speed of

the decline. So, we'll start off in

Hamilton with this near 40% loss. But

here's the thing, guys. I want you to

remember there was a lot of inflation

since this was bought in 2021 as you can

see there. So if you were to factor in

all that inflation and use a really

conservative estimate you would be

looking at around a 70% loss in

purchasing power which is unbelievable

to believe. So we have to take a look

around this place that has just

destroyed whoever bought this purchasing

power. And I mean, look at all the nice

tile at the entrance. It's meant to look

really fancy. So, this is the unit here.

And actually, inside doesn't look fancy

at all. Little kitchen there. Shoe box

apartment. And yeah, it just doesn't

look good, does it? $160,000.

You can see that's what it sold for in

2026, but it actually sold in 2021 for

265,000.

So that's a near 40% loss for this

condo. And it goes on and you'll notice

these are in lots of GTA areas. You know

that people were told, "Hey, you buy

here. This is the next Toronto. The

prices are going to the moon.

>> I don't think prices will be going down

uh anytime soon."

>> But it's not just the GTA. We're going

to BC. We're going to Alberta to show

that this happened everywhere and was a

sign of the collapse which was going to

come which we'll also get into. So this

is in Barry sold for $460,000

but just under 2 years ago it was sold

for $560,000.

So that's a 17.8%

loss. So again, let's take a look around

here. 17.8% 8% gone in just under 2

years, guys. With all of these, I

checked in the prior listings to make

sure it just wasn't a realtor that

marked it at sold when it wasn't really

sold. I mean, all I can do is really

look at the furniture and see whether

it's different. So, let's take a look

around this place, which destroyed 17.8%

in just under 2 years. And I mean, yeah,

it looks like it's not worth the money

that was paid. You've got a view of Lake

Simco there. It needs some modernization

and updating as you can see here. And

this condo sold for 460,000

in 2026, which I think is a total

ripoff. I mean, this is a one bed, one

bath condo. The taxes on this sucker are

$4,165

a year plus $571

per month in maintenance. I mean, yeah,

just crazy. Not a good investment, was

it?

Let's go to Waterloo. Another area that

was just absolute booming. You know,

this is going to be the tech capital of

Canada. Google is here. You know, it's

just prices are going up. It's the next

San Francisco, guys.

This is the Silicon Valley of Canada. Do

you remember that? That was the pitch

that everybody was given. But now people

are bleeding. So this is in 1 year

somebody lost 10.8% 8%. So, it was sold

2025 around the spring as well, 415,000.

Just sold in spring as well, 370,000

in 2026. And once again, you know,

you're looking at one of these small

apartment spaces here that has sold. I

mean, it's bigger than the one-bedroom,

oneb apartments that you get in places

like Toronto, but still $370,000.

Do you think that's worth it? Taxes are

less than Barry at $3,29

a year. You've still got $521

a month, which is going to go up with

the real rate of inflation, not the

government's lie that they tell you

every month. It it said there's a

contingency

>> than we actually cover on this channel.

The last inflation report was a joke.

I'll link it in the description below.

Again, $415,000

2025, $370,000

2026. Stony Creek now, but $380,000

this just sold for in 2026. Lost 19%

here. So, it was sold in 2024 for 470

and it just sold 2026 380. So, 19% gone

here in Stony Creek. And yeah, take a

look around this one. It's a small

apartment as you can see there. And it's

got lake views, which is really nice.

And they really the photos don't look

that nice when you're looking at it in

winter, but luckily they've got some

from summer here as well where you can

take a look at it and just see. So they

got a nice upstairs patio there as well.

But you know, it's no Cayman Islands, is

it? But it's still a one-bedroom, oneb

condo for $380,000.

Moving on, Vancouver. Now, this has lost

15% in just under 2 years. So, this is a

two bed, two bath condo. I know. And it

sold for 932,000

in 2026.

>> You okay?

>> No.

>> No. This isn't the price we're talking

about from 2024. Back in 2024, as you

can see, it sold for nearly $1.1

million. So, 15% gone in under two

years. But guys, who is paying $932,000?

It's a nice condo. Like, yes, it is a

nice condo, but $932,000.

>> I mean, it's just a two bed, two bath

condo. They've done some nice

finishings. They've made it look nice

and put some effort into this place,

which is always good to see. You've got

some perks like a walk-in wardrobe.

You've got this really nice patio area.

They've really done it well. Don't know

if it was staged or not, but it's really

looking nice. My kind of style actually,

but am I paying $932,000

for that? No. No, I'm not paying that.

That is completely wild. And let's see

now what of course the maintenance fee

is and the taxes. $3,433

a year for your taxes. $530 a month for

your maintenance fee, which also

includes your water there. So, I mean,

two bed, two bath, $932,000,

but somebody even paid 1.1 million. It's

mindblowing to me that people pay these

insane amounts of money. But this, I

mean, this is crazy. This really is

absolutely crazy, as I'm going to

demonstrate to you with an example from

the Cam Island. So, this is in White

Rock in BC. As you can see here, this is

just a seaside town by the ocean. It's

nothing special, but it has become

extremely overpriced when it comes to

real estate. The bubble is insane. Only

the Chinese mafia would buy here. So,

this just sold for 1.64 million. It's a

two bed, two bath, and we'll get into

the place in just a second here. But

back in 2023,

3 years ago essentially, it sold for

over $2 million. Yes, over $2 million. I

mean, that is mindblowing, isn't it? So,

let's see what you're getting for

something that lost 18% in 3 years, but

is still just mindblowingly overvalued.

So, you're getting a nice ocean view.

This is a nice condo. Nobody is going to

dispute that this is a really nice

condo. Nice finishes, modern. It's

turnkey. You wouldn't have to do

anything to it. You've got a nice

balcony with ocean views. Really nice. I

mean, they've gone for this modern

exterior look on the building here,

which I don't really like to be honest.

It just looks cheap and nasty and like

it wasn't finished properly. I mean, it