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Reply to "Any other landlords noticing huge drops in rent??"
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[quote=Anonymous]It’s because no one wants to sell and lose out on their low interest rate (which is a miscalculated decision, but that’s what’s happening). So if they move, they’re renting their place out rather than selling it, particularly if it’s a condo or smaller townhouse. This creates a glut of condos being offered for rent. You need to adjust the price till you get a renter.[/quote]
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