• #0035 - The Rise of Millennial Wealth and Toronto's Condo Glut

  • Sep 15 2024
  • Length: 16 mins
  • Podcast

#0035 - The Rise of Millennial Wealth and Toronto's Condo Glut

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  • Summary

  • In this episode of *The Last Week in Real Estate*, host Kai Tan dives into the sharp rise of millennial wealth, up 144% since the pandemic, driven largely by real estate, and the ever-widening generational wealth gap. At the same time, Toronto’s condo market is facing a record surplus, with soaring completions and high borrowing costs slowing sales. Is this an inevitable correction, or just a pause before another surge? Kai explores the delicate balance between affordability, intergenerational wealth transfers, and a cautious housing market on the brink of recovery. For more insights and the latest news, visit www.tanteam.com.
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