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[quote=Anonymous][quote=Anonymous]Don't say that we haven't been warned. Please read the whole article ~ especially the part about the developers.

[i]It didn’t take long to figure out why there were so many empty units on the market: it turns out nobody wants to rent a condo, and nobody wants to buy one either. Condo rents have dropped over the past two years, and according to a recent report from the Canada Mortgage and Housing Corporation, or CMHC, condo sales have fallen by 75 percent in the Greater Toronto Area and 37 percent in the Vancouver area since 2022. The market has become so dire that buyers of pre-construction condos are having difficulty closing their purchases. Banks lend money depending on the present value of the property, and some condos are worth less now than they were when the buyers made their first deposit. As a result, developers have been cancelling construction projects. Some experts say we should have seen this coming.[/i]

The title of article screams what most people already know: [b]No One Wants to Buy a Condo[/b]

https://thewalrus.ca/no-one-wants-to-buy-a-condo/?utm_source=firefox-newtab-en-us[/quote]

Sounds like a good time to make it easier to build townhomes.[/quote]

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