Quote:
Originally Posted by G0rilla
Probably see a little dip, some panic sales and then business as usual. Prices are not dropping, but sales transactions are. We will see after the summer rush and see what fall brings us
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Sales transactions are dropping because the $600 -700K condos are now costing $3,700 a month before taxes and strata at 6% 5-year fixed! Even with $120 - 140K downpayment + $10 - 15k for LTT.
Nobody I know who can afford $3,700/month would pay that much for a 1BR
