11-06-2015, 03:29 PM
(11-06-2015, 03:25 PM)mpd618 Wrote: In a market with market pricing that has to be competitive, rents cannot be dictated entirely by the mortgages. As one data point, brand new condo rentals in Sage 5 can be had for $1000/month.
Further to this, I have known or suspected speculators/amateur investors/landlords of individual condo units to be renting their units at a loss, instead hoping for capital appreciation over current income. I've even seen condos pitched to prospective investors as a way to reduce taxable income (through early-year losses on a rental unit).