Canada's real estate market continues its downturn amid persistent high interest rates, with industry analysts warning of increased volatility ahead. The pre-construction condo market is experiencing what some describe as a systemic crisis, yet paradoxically, the assignment market remains robust—suggesting investors still see value in distressed assets. Industry experts attribute the unprecedented failure rate to two primary factors: elevated borrowing costs and overly conservative bank appraisals, both of which have severely undermined market confidence while simultaneously creating opportunities for bargain hunters.
