Roy Bhandari

Co-founder of @TalkCondo and Red Bricks Data. I once shot a 73 ⛳️ (on the golf sim)

[Roy Bhandari @roybhandari]

@zaneczepek Inbox

[Roy Bhandari @roybhandari]

@donnelly_b Drove south down Yonge the other day. This building looks amazing all the way down

[Roy Bhandari @roybhandari]

Starting today, the legendary TalkCondo Data is now available directly through an API.

Easily access the best pre-construction data, listings, floor plans, pdf documents and more - all through a simple API.

https://t.co/dHiXS6v2S7

[Roy Bhandari @roybhandari]

CANCELLED

The Clove Condos, the first of a huge master plan redevelopment at Cloverdale Mall is cancelled

Originally launched October 2024 at $1096/ft

Achieved only 10% sales

Another 600 units that won't hit the market - this one originally scheduled to complete in 2028

[Roy Bhandari @roybhandari]

@FrankfortDarryl @ScrinkoCa The big question now is whether other builders will see this and follow suit and just fire sale their remaining units

[Roy Bhandari @roybhandari]

@jeffkee @ScrinkoCa Here is the price list of the release. About 40 units.

[Roy Bhandari @roybhandari]

@ScrinkoCa Smaller product mostly allocated to platinum worksheets prior to open at noon.

Around 2pm yesterday they had some units remaining over 850sq ft that were open for the “zoo”

[Roy Bhandari @roybhandari]

@ScrinkoCa Another one for your collection.

Post Condos in Oakville dropped prices down to $675/ft including parking and locker. We haven't seen this price in Oakville since 2017.

[Roy Bhandari @roybhandari]

@ScrinkoCa It's a good question I'll try to dig deeper by looking at various price lists.

This 2A model looks like it came back online between in January 2021/April 2025 so I assume it's a default.

But since then they've dropped the price twice

[Roy Bhandari @roybhandari]

Another project cancelled. This time Pangea by Times Group.

Launched in September 2024 at $1,135/foot in Markham. Only sold 30 / 811 units.

[Roy Bhandari @roybhandari]

This chart tracks the number of new condo launches per year.

Just 3 high rise launches this year in a market that traditionally sees +/- 100 launches.

More and more of those 2023 launches started to turn to cancellations (green bar)

⬇️ number of new launches
⬆️ cancellations

[Roy Bhandari @roybhandari]

Getting word of another project cancellation.

This time the Leaside by Emblem. Originally launched in June 2023 at $1,520/ft

241 units across two buildings.

[TUC Podcast Host 🐂✒️ / GTA New Housing Consultant @benmyers29]

Without Investors, there is no High-Rise New Condominium Market!

On TUC 83, @roybhandari of @TalkCondo says pre-con investors were effectively financing new condo projects.

#ToRE #Development #Toronto #GTA #DoesRoyLikeHashtags

https://t.co/lMX9ux25em

[TUC Podcast Host 🐂✒️ / GTA New Housing Consultant @benmyers29]

Who are Toronto's condo investors? I open the black box on Episode 83 of the Toronto Under Construction podcast with @roybhandari & @BrianPersaud

Foreigners, Assignments & Everything Pre-Con!

#ToRE #HighRise 🏗️🌆

Sponsored by BCGi Executive Search

https://t.co/fopJmaLw6Y

[Roy Bhandari @roybhandari]

Today we’re rolling out the PRO Map. A cheat code for pre-con research.

-Quickly filter to find the exact projects you’re looking for
-Customize to see the exact data you need
-Download or share your reports

It’s the most powerful way to easily research pre-con data

[Roy Bhandari @roybhandari]

@PJKlawyer @SteveSaretsky Here is the one showing the number of new launches this year relative to previous years, and their current construction status

[Roy Bhandari @roybhandari]

@SteveSaretsky Thanks for the share!

[Roy Bhandari @roybhandari]

@InklessPW Not starts. High rise under construction with completions or expected completions in 2024.

[Roy Bhandari @roybhandari]

Anyone paying attention knows that condo completions in the GTA are going to fall off a cliff.

The drop is even more stark when you take out projects that have not yet started construction. With slower sales, these projects may get delayed or never start.