1/ The GTA just hit a mortgage crisis milestone. Delinquency rates (90+ days overdue) have surged 166% since 2022, reaching levels not seen since 2015. pic.twitter.com/Ts3PH0dhHM
— Shazi (@ShaziGoalie) January 2, 2025
3/ What does this mean?
A rising delinquency rate reflects collapsing market liquidity.
Homeowners, unable to sell quickly or profitably, are defaulting instead.
— Shazi (@ShaziGoalie) January 2, 2025
6/ The underlying issue:
Rising crime, vacant commercial districts, and speculative pricing have paralyzed the market.
Prices remain stubbornly high, delaying the recovery phase.
— Shazi (@ShaziGoalie) January 2, 2025
— Shazi (@ShaziGoalie) January 2, 2025
Toronto real estate is not just cooling.
It's freezing over, with cracks showing at the foundations.
— Shazi (@ShaziGoalie) January 2, 2025