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Toronto Condo Buyers ABANDON Units Worth LESS Than They Paid 📲 Book A Free Call: https://www.ChatWithZhen.com ►► 🔥 A Toronto buyer just walked away from a $439,000 deposit on a preconstruction condo – and could get SUED. But here’s the shocking part… they didn’t have to. This $2.2M luxury condo in Midtown Toronto was purchased at the 2021 peak. Now? The appraisal came in at only $1.6M – a $600K loss. Instead of closing, the buyer walked away from his deposits. But here’s what the media is NOT telling you: 💰 Banks are handing out BLANKET APPRAISALS, giving buyers 110% mortgages. Yes, this means lenders are financing more than what the condo is worth. In this episode, I’ll break down: ✅ Why this buyer strategically walked away from their deposit; ✅ The hidden blanket appraisal loophole developers and banks are using; ✅ The real risk to preconstruction buyers in 2025-2026; ✅ Why 63% of unsold housing inventory is condos – and what that means for prices. 🚨 If you have a preconstruction condo closing soon, DO NOT RISK AN UNDER-APPRAISAL. Get a blanket appraisal ASAP – I can connect you with the right contacts. The condo market is changing fast, and if you're holding out hope for a rebound… I have some bad news. Watch now and find out why. 💬 What do you think? Would you walk away from a $439K deposit? Comment below! 00:00 - Intro 02:30 - How to Prevent Losing Condo Deposits 03:33 - Top 3 Concerns for Precon Condo Market 05:15 - Blanket Appraisals 08:15 - The Problem with Blanket Appraisals 09:47 - Outro 🔔 Don’t forget to like, subscribe, and hit the notification bell for more data-driven real estate updates tailored for the GTA market. #torontorealestate #torontocondos #blanketappraisal #condoloss #preconstruction #torontopreconstruction ====================================== Find Zhen Here: Book A Call: www.ChatWithZhen.com Email: [email protected] Website: http://www.PrimePropertiesTO.com ======================================