Here’s another major sign Toronto’s real estate market is in big trouble right now

Toronto's housing market is experiencing concerning trends, including an increase in mortgage defaults and power of sale cases. Even high-end areas are being affected, with residential power of sale listings breaking records. Major developments are on hold, sales are slowing, and sellers are struggling to sell homes at asking prices. Wealthy investors are also being deterred. While this benefits buyers, limited lending rates restrict access to the market.