Quote:
Originally Posted by Jah Dean
The condo market in Vancouver is ridiculous and watch the prices to drop even more because there's a large inventory of new condos units sitting on the market. Same thing happen in Toronto, large inventory of unsold units but not enough buyers and it wasn't until this past summer that prices started to rebound.
And I personally wouldn't buy a condo in DT for an investment, we own two condos, the unit we have at the fairmont pacific rim has inched up in price in the past couple of years but our other condo which is close to Rogers arena has been flat over the past few years. That been said, there's new cheaper units outside of downtown which wouldn't be bad investments.
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whats your cash flows, ex. principle payments, like? in vancouver, with recent purchases, i cannot imagine it as being anything but negative (or a huge downpayment, in which case, lets look at the opportunity cost of the downpayment)