🚨 Canada's Big Five Banks Are in Deep Trouble: Toronto's Condo Market Crisis Exposed 💥 #canada #bank

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Published 2024-07-30

The Toronto condo market is in chaos, and Canada's Big Five banks are right in the thick of it! 📉 With 75% of investor mortgages in 2023 facing negative cash flow, we dive into why these major banks are backing risky investments and what this means for the future of real estate in Greater Toronto. 💥 Find out how rising vacancies, falling condo prices, and speculative bets are reshaping the market. Don't miss this eye-opening analysis! 🔍🏢

Dive into the intricate dynamics of the Greater Toronto condo market as we unveil how the Big Five banks have significantly ramped up their involvement in investor mortgages. In 2023, these major banks funded 75% of mortgage debt for new condos, marking a 20% increase from the previous year. Despite this surge, many investors face negative cash flow challenges, with an average monthly loss of $359 and 30% of mortgages being underwater by $1000 or more. Explore how over 77% of investor-owned new condos experienced negative cash flow and the critical questions surrounding the banks' risk assessments.

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#TorontoRealEstate #CondoCrisis #BigFiveBanks #CashFlowProblems #RealEstateNews #MarketAnalysis #Investing #TorontoHousing #PropertyInvestment #FinancialTrouble #EconomicTrends

00:00:00 Canada’s Big Five Banks Bet Big on Toronto’s Investor Condos - With Mixed Results
00:00:16 Canada’s Big Five Dominate Condo Investor Market
00:00:36 The Big Five’s Cash Flow Conundrum
00:00:56 The Surge in Negative Cash Flow
00:01:15 Speculative Investments and Market Shifts
00:01:47 Questions for the Big

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