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32 Toronto Condo Towers Just Got Cancelled | 7000 Units Erased From 2030 Supply Friends, thank you for being here today. Since the start of 2024, 32 condo projects representing 6,981 units have been officially cancelled in the Greater Toronto Area. Q3 2025 alone saw a record 10 projects (2,500 units) wiped out—the highest cancellation rate in history. This isn't a delay. This is a building strike. In this video, I break down: Why developers are cancelling projects even after taking deposits The cost-to-build crisis: $1,300/sqft to build vs $1,100/sqft buyers can afford How 30% of construction costs are government fees and taxes The "Supply Air Gap" that guarantees housing shortages through 2030 Why housing starts have dropped 88% below the 10-year average What happened to the 314 buyers of "The One" tower at Yonge & Bloor Why resale condos are now trading below replacement cost The binary choice facing buyers right now This is a structural break in the housing supply chain. The buildings that were supposed to open in 2030 are being cancelled today. And by the time most people realize what's happening, it will be too late to prepare. The supply air gap is opening right now. The question is which side of it you'll be on. #torontorealestate #housingcrisis #gtacondos #realestatecollapse #torontocondos #housingshortage #realestateinvesting #canadianrealestate #propertymarket #constructioncosts #housingbubble #torontomarket IMPORTANT DISCLAIMER: This video is for educational and informational purposes only and should not be considered financial, investment, legal, or tax advice. The content represents my personal analysis and opinion based on publicly available information. I am not a licensed financial advisor, investment advisor, or registered broker-dealer. Nothing in this video should be construed as a recommendation to buy, sell, or hold any security, commodity, or financial instrument. All investments carry risk, including the potential loss of principal. Past performance does not guarantee future results. The financial markets are complex and unpredictable, and individual circumstances vary significantly. By watching this video, you acknowledge that you are responsible for your own financial decisions and that neither I nor any affiliated parties bear responsibility for any losses or damages resulting from actions taken based on this content. ALWAYS DO YOUR OWN RESEARCH. ALWAYS CONSULT PROFESSIONALS. ALWAYS UNDERSTAND THE RISKS.