In this episode of The Last Honest Realtor, David Fleming breaks down some of the most overused and misunderstood words in real estate: crash, correction, fluctuation, and recovery. Using real Toronto-area data, historical context, and recent media headlines, David explains why sensational language often misses the mark and what actually qualifies as a market crash.
From price declines versus sales collapses, to the unprecedented boom during the pandemic and the fallout in the pre-construction condo market, this episode offers a clear, data-driven framework for understanding where the market has been and where it may be headed next.
In This Episode:
- 02:14 – Why Everyone Uses the Word “Crash”
- 08:57 – Why Percentages and Time Matter
- 09:35 – Defining Crash vs. Correction
- 10:22 – The Missing Piece: Recovery
- 18:26 – The One Area That Actually Crashed: New Condo Sales
- 21:15 – What a Recovery Actually Means
- 30:46 – How Condo Development Will Be Financed in the Future
- 38:13 – January 2026 TREBB Data Overview
