What’s up with Canada’s condo market?

The Canadian condo market is crumbling. As prices continue to plummet, thousands of condo units sit empty and unsold in Vancouver and Toronto – two of Canada’s largest real estate markets. While buyers grow increasingly hesitant, both federal and provincial governments are trying different tactics to revive the market, with degrees of success.

The Globe’s real estate reporter, Rachelle Younglai joins The Decibel to talk about how the condo market ended up in this state, what’s being done about it and what its future may hold.

Questions? Comments? Ideas? Email us at thedecibel@globeandmail.com

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