How is the current state of the condo market affecting renters and homebuyers? We answered your questions
On Sept. 25 at 11 a.m. ET, real estate reporters Rachelle Younglai and Shane Dingman answered reader questions on the state of Canada’s preconstruction markets, as sales this year reached their lowest level in decades. Investors are leaving in droves, leading developers to cancel projects and leaving buyers with mortgages worth more than the value of the property.
Readers asked whether preconstruction condo prices will continue to drop, its effects on the rental market, and whether this means it’s a good time to buy or sell a home. Here are some highlights from the Q+A.
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How is the current state of the condo market affecting renters and homebuyers? We answered your questions
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