04-25-2024, 10:26 AM
(04-25-2024, 08:10 AM)creative Wrote: Or will the corporate investors swoop in and grab all of the listings?
Most corporate/institutional investors will not want to invest in a collection of random individual condos. The management of such a portfolio would be much more onerous than one for a purpose-built rental property.
There are lots of condos for sale. Is it a lot as a percentage?
- 33 in DTK
- 28 in Station Park
- 24 on Garment St
- 22 in City Centre/Young Condos
- A handful in each of 1 Victoria, Kaufman, Arrow Lofts, 64 Benton, Market Lofts
It does look like a significant (but not massive) number of owners have decided that those new condos weren't a great purchase after all. Anyone have an original price list to compare to the realtor.ca listings to see how the current asking prices compare to the original purchase prices?