Toronto developers are getting desperate as no one is buying condos anymore

Condo sales in Toronto have plummeted, leading to a surplus of homes on the market. Sellers, including developers, are struggling to attract buyers, with some projects being deferred or going into receivership. To entice buyers, companies are offering incentives like covering mortgage payments, reducing down payments, and providing rental guarantees. Despite a housing crisis, prices remain unaffordable for many potential buyers.