Unless you've been ignoring news headlines for the last few months — and who could blame you, really? — you're probably well aware that the economy, tariffs, and years of overvaluation and undersupply are not boding well for Toronto's real estate market. The average price point for a piece of the region's real estate is finally starting to descend as sales volumes remain at rock-bottom lows, particularly in the condo sector, which has been struggling in ways one wouldn't have thought possible given the real estate booms of years past. A number of major developments have even gone into receivership, a new sign of the times — including, now, one major project that was due to turn a historic Toronto church-turned-theatre into homes. The money in question is a staggering $23.5 million that the developer and its corporations have yet to pay Timbercreek back, despite the funds being due in full by last May.