In this episode of The Last Honest Realtor, David Fleming breaks down the harsh realities behind Toronto’s bloated condo market—starting with a seller who demanded nearly double her unit’s market value.
This isn’t just one bad pricing story—it’s a portrait of a market flooded with delusion. From stale investor units and overpriced micro-condos to media hysteria and agent complacency, David maps out the structural cracks no one wants to talk about.
This isn’t a crash. It’s a slow bleed. And for serious buyers, sellers, or agents trying to navigate it—understanding the terrain is everything.
In This Episode:
- The psychology of overpricing—and why some sellers still won’t listen
- How 9,000+ active listings are hiding the real problem: dummy inventory
- Why “see it to believe it” is the new seller tactic—and why it fails
- What micro-condos tell us about the investor glut
- How paused development today creates a guaranteed supply crunch by 2028
- Why most buyers won’t catch a falling knife—and what that means for recovery
- The real cost of seller denial, weak listing agents, and misread metrics
Timestamps:
00:00 – A seller wants 2x her condo’s value—seriously
05:00 – Inventory is up, but quality is way down
12:00 – Buyers aren’t rushing in—and they’re not wrong
18:00 – The pre-construction collapse and its long-term fallout
24:00 – What’s really in that 9,000+ condo listing count?
28:00 – Why builders won’t save us in 2028
34:00 – What smart agents, buyers, and sellers should be doing now
If you’re trying to make sense of Toronto’s condo market—or if you’re just tired of pretending everything’s fine—this is the episode you’ve been waiting for.
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