That’s new. And it raises a fair question: If more housing is becoming rental… what happens to the value of ownership?

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The part most people are missing

When condos get converted to rentals, those homes don’t come back to the resale market anytime soon. They’re effectively removed from circulation.

So while it may feel like there’s a lot of supply right now (and there is), we’re also quietly reducing future resale inventory. Less churn. Fewer listings. More long-term holds.

That’s not very Toronto.

That’s much closer to New York.

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Meanwhile… prices are already down

This is the part that creates the opportunity.

• Buyers are cautious
• Investors are sitting out
• Some sellers are adjusting expectations

Which means you’re looking at softer prices today… just as future supply is being locked up. That window doesn’t stay open forever.

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Not all real estate will benefit equally

This is where you want to be a little bit picky. If the market is shifting, then the winners won’t be “everything.” They’ll be the homes people actually want to live in.

Think:

• Freeholds in strong neighbourhoods
• Larger, well-laid-out condos
• Properties with flexibility (income, space, longevity)

The more a property feels like a home and not a spreadsheet, the better it tends to hold up over time.

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The bottom line

You don’t need Toronto to become New York for this to matter. You just need:

• today’s softer pricing
• tomorrow’s tighter resale supply

That combination doesn’t show up often.And when it does, it tends to reward people who move before it’s obvious.

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Where I come in

Right now, the challenge isn’t finding a property. It’s knowing which ones are actually worth pursuing… and which ones are going to sit there quietly underperforming. 

This is the work I’m doing every day:

• spotting listings that are mispriced or overlooked
• understanding where sellers have pressure (and where they don’t)
• structuring offers that win without overpaying

If there’s an opportunity in this market, it’s rarely the obvious one sitting on page one. It’s usually the one that requires a bit more digging, a bit more context, and a bit more negotiation.

If that’s something you’re curious about, I’m always happy to share what I’m seeing and where the real opportunities are showing up right now.