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Here is the thing. People are obviously still buying condos...there may have been a slow-down and maybe there is a bigger one coming. No, there are no longer lines around the block full of people who sell out a building in 5 mins, but people are still buying.
It may not be THE BEST investment, but maybe you are not buying it for that. Yes, single family homes and land are where to invest but maybe its not an option. Does everyone want to pay 2500$ a month for their mortgage, hell no!
Saturated market...buying air, not land...strata....too small....close neighbours....blah blah blah. Tons of cons but there are some pros. And, lets face it...some people WANT to buy a condo and that is OK. There is nothing wrong with buying a reasonably priced condo to live in.
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