The Condo Market Right Now is A Ghost Town
The Toronto Star Reports:
"The Condo market right now is a ghost town". Toronto has a record number of units for sale. Here's why they aren't selling despite a housing crisis.
Listen to Frank Leo discuss with Jerry Agar on Newstalk Radio 1010.
Read the full article: www.thestar.com/real-estate/t...
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The new condo units are mostly tiny but they are ok. There are lot of single people people out there. 275 sqf with a parking space is enough for a single person. The problem is price. The cost is simply too high. If the price is between $250k-$300k then it is ok but the price is way beyond that.
I love the intro he’s not only a sponsor. So fitting.
Good evening , there are contradiction with the recent condo market trend. That people find out sooner or later of hidden tax attached to condo's. Inluding condo's are subjected to Boards meeting like a co-op , government interference and maintenance cost. Where as a home owner a person can have a better "Peace of Mind" and more "Privacy" with out a third party interference. Seeking extra funds for thing such as maintaining the building the grounds etc. Where as a home owner generally do not pay themselves for lawn mowing their lawn, cleaning windows etc . House duty's they can do themselves and pay themselves with a nice cool beer and relax.
Maybe we could vote in a party that emphasizes growing the economy through higher productivity and lower taxes so people could afford to get into the real estate market.
The condos built for investors are not suitable for homeowners. Think about that for a minute. How cheap does a crappy investor-built condo have to be before someone actually wants to live there.
Its okay, if he cant sell your condo, Frank Leo will just buy it
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Ya don't worry frank will sell or he will buy..LOL