The video outlines the unfolding Great Toronto Condo Crash, emphasizing that the problem is not caused by high interest rates, but by years of speculative buying, pricing mistakes, and over-leveraged developers. The speaker details how a decade-long boom in pre-construction condo investments, fueled by FOMO and unrealistic resale expectations, is now unraveling. Developers are going broke, assignments aren't selling, and both resale prices and rental rates are dropping—creating the perfect storm for a market correction.