The reason there are more condos coming on the market is because people are having problems with negative cash flow. Rents are decreasing and there are unusually higher vacancy rates
On average, condo rents in Toronto have declined by 17% annually. Data from the region’s real estate board also showed that this accompanied by only an 0.8% year-over-year increase in condo sales, along with a 3% decrease in average sale price to $640,208.# SANDI HALPERN # LEASED # SOLD # CONDO
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