Wow that’s a huge bump in sales ..is i436 correct ?Posted by Curtis on Thursday, August 8th, 2019 at 8:46pm
A lot of people rent because they can't get a mortgage to buy a house. Bad credit, no down payment, whatever.
Big jump in condo listings.Posted by GM on Friday, August 9th, 2019 at 12:12am
how is 14 listings a big jump in condo listings. I don't follow.Posted by birdlady on Friday, August 9th, 2019 at 1:54am
I wonder if the renters will figure out they're paying about double to rent condos rather than own and as America brings in negative interest rates late in 2021 the renters will be paying triple or quadruple to rent rather than own? The locals are coco-loco.Posted by Tony on Friday, August 9th, 2019 at 7:41am
Oh... my mistake. Big jump in condo SALES!Posted by GM on Saturday, August 10th, 2019 at 7:24am
Tony, I rent in a nice well managed older building with a view. Prices would have to fall by 50% or rents rise 50% before I would consider purchasing. Some of us have simply done the math and decided not to buy. There is presently at least 1 vacant unit looking for a tenant in my building and hundreds of brand new condos under construction in the neighbourhood. A lot has also just been rezoned and the developer is planning 3 towers of purpose built rentals. This will be over 1000 new units within a few blocks so I don’t anticipate much pressure on rental prices.Posted by Still employed in AB on Sunday, August 11th, 2019 at 3:43am
I don't understand why anyone would want to buy an apartment suite. Been renting a 1bdrm for 1k/month. Can't wait to get out lol. We have 20% dwnpymt for detached 350-375k but waiting to see what's gonna happen in next 6-12months economy wise. All cdn yields inverted now. Same with some other countries. Not lookin good globally.Posted by Homer Simpson sr. on Wednesday, August 14th, 2019 at 11:55pm