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  7. Ketchim! Take a Look At This. Whats Goin' Orn?

Ketchim! Take a Look At This. Whats Goin' Orn?

  • mapoui
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13 Oct 2014 19:06 #218299 by mapoui
business.financialpost.com/2014/10/13/to...ousing-condo-market/



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14 Oct 2014 08:12 #218321 by ketchim
Absolute madness !

Current vacancy rates of newly built one are High !

Speculators are turning them into Rental apartments.....

Prices are being driven down due to excess Supply !

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14 Oct 2014 10:13 #218350 by ketchim
www.msn.com/en-ca/money/topstories/bank-...certainty/ar-BB8Bndp

It is usually preferable for the Bank of Canada to leave the market with some uncertainty

about interest rates rather than to give forward guidance, in order to reduce volatility

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  • The Captain
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14 Oct 2014 10:19 #218353 by The Captain
won't stay empty for long
ship in some Bobicians and trickies

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14 Oct 2014 10:22 #218355 by ketchim
They are rural and suburbs people , Cappo .

This is Urban/ Downntown : Lifestyle !

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14 Oct 2014 10:26 #218356 by ketchim
www.msn.com/en-ca/money/topstories/here%...h-america/ar-BB8zO1Z

Problem with the Chinese speculators...

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  • mapoui
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14 Oct 2014 11:35 #218373 by mapoui
so!  you think is time to get out of the market...... ::confused:: ::confused::

I am in a couple of good buildings....there for 7 years now the construction fine..also a couple of new buildings still under construction so I have no idea of the quality of the construction.  I took it for granted the quality would be superb.

I think I am going to run!  too many apartments anyway...too many in the pipeline and coming on stream.  oversupply is right

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14 Oct 2014 11:38 #218374 by ketchim
Unload : and get out , quick !  8)

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  • ramesh
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14 Oct 2014 12:03 #218377 by ramesh
Terrible advise . There will be a market correction but prices wont  decline  that much .

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14 Oct 2014 12:10 #218378 by ketchim
Mapoui ,

Ignore this Mook ! ....Most new Condos are 75% Tenants/ 25% Owner occupied.

No owners as the speculators cannot unload ...for a Profit ...

Things are gonna get worse as the newer ones are ready for Occupancy !

It takes about 9 months to get the condo registration so you pay an "occupancy cost"

Banks will not give a Mortgage until the condominium is registered as a Corporation !

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