Part 4/18:
The collapse of Toronto’s real estate sector aligns with a larger economic slowdown across Canada. By July 2025, job vacancies had fallen below 470,000—the lowest since 2017—and unemployment reached 7.1%, reversing years of steady improvement. This slowdown is not confined to real estate but extends to retail, technology, and other sales-driven fields. Labor analysts note a significant decrease in new job postings for commission-based roles, indicating a market where churn has dwindled, and opportunities are scarce.