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

There are a handful of trends that show how badly Toronto’s housing market is flopping right now, and the latest may be the most concerning of all.

As noted by local mortgage expert Jason Geall on his well-followed TikTok account

Commercial real estate is in trouble. A bank crisis makes it worse.

If there is anything commercial real estate owners don’t need right now, it’s a banking crisis.

Big owners of property around the country were already under pressure from the Federal Reserve’s aggressive campaign to raise interest rates, which raised borrowing