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I can't remember the last time we had this much RE inventory locally, tons of houses for sale and an insane amount of condos, including pre-sales. If the spring market is a bust, I think we'll see some sellers slashing prices even further as we head into fall and winter.
Speaking of condos, one of my investment properties was featured in the Globe & Mail 'Done Deal' section. I had multiple condos in the Brava towers in YT and sold my last investment unit back in 2020, it was a one-bedroom and I sold it for $643,500. It recently sold again for $639,000. It was a great building before social housing moved in and junked out the area.
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