Taxation and the middle class

[taylortbb]

It does look like a significant (but not massive) number of owners have decided that those new condos weren't a great purchase after all.

I suspect the current spike in listings is a result of the proposed capital gains inclusion rate increase. Anyone who sells within the next two months will likely save tens of thousands of dollars in taxes if they've held since 2019 or earlier.

With the rentals, many of those have been sitting vacant because they cost way too much money.

I don't think this is true. I live in one of these new condos, which is ~80% investor owned, and almost every one of those units has a registered tenant (and those that don't, we keep finding unregistered tenants). Maybe there's a couple vacant units, but definitely not "many" .