Honestly most modern condos are like cars, the optimal time is you buy slightly new and unload it around the decade mark for profit. Unless the management is satisfactory to you, there aren't that many units or the location are really desirable to you.
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Originally Posted by iEatClams
I think older condo units are taking are starting to drop fast, theres soo much new construction that people would rather buy new than to buy an older unit. There's a few that im following and right now I see 6-7 units being offered for sale, where as only 2-3 were active at the start of the year. Units are starting to reduced their prices in order to compete with their neighbours as well as the new developments.
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