. Canada’s Condo Markets Face Perfect Storm As Rental Rates Tank, Costs Jump « JO LEE MAGAZINE

Huffington Post – Everything that could go wrong with a condo market seems to be happening right now.

Add yet another to the many imbalances in Canada’s pandemic economy: Renters are catching big breaks as rental rates drop, while condo owners ― particularly investors ― are looking at potentially rough times ahead.

In fact, for condo owners, just about everything that could go wrong ― from bad construction and rising insurance costs to rental rates that can’t cover mortgage payments ― is going wrong…

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