Plunging rents and rising vacancies are a bad combo for levered owners.

Toronto’s thriving housing market is beginning to show signs of strain, particularly in a condo segment suddenly flooded with new listings.

September data from the Toronto Regional Real Estate Board and research firm Urbanation Inc. show a surge of units for sale–215 per cent higher than a year earlier–according to Urbanation data, the beginning of a weakening trend for condos, along with a sharp decline in rents.  Here is a direct video link.