Condominiums next to the CN Tower in Toronto, Ont. Photo by Cole Burston/Bloomberg files

Toronto is ground zero for Canada’s condo implosion.

Earlier this month, our housing minister, Gregor Robertson, labelled it in “free fall,” prompting potential buyers, developers, lenders and realtors to ask one question: how low can it go?

If you’re among the potential buyers surveying Toronto’s overbuilt condo market , you understandably don’t want to catch a falling knife. So, here’s a concise look at when that blade might finally quit slicing through expectations.

How ugly is it?

“It’s as bad as we’ve ever seen it,” says Condos.ca founder Andrew Harrild. There’s a stunning vacuum of buyers, he says. “Getting a showing is a win, let alone getting an offer. We have many listings where the

See Full Page