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Presale Panic: Inside Vancouver’s Imploding Condo Market
Manage episode 482867710 series 2794891
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Vancouver’s condo market is reeling as presale buyers face steep losses, with completed units reselling for less than their launch prices. Analysts warn that the wave of cancellations, investor fatigue, and rising carrying costs has turned once-sure-thing presales into a cautionary tale of condo crisis and buyer pain.
James and Denny dive into Vancouver’s condo crisis, spotlighting painful presale contracts and Brentwood towers now trading below their launch prices.
This episode will focus on pre-sale condo pain, Vancouver and Toronto condo collapse, selling less than presale, buyers not qualifying for mortgages, many families not looking to live in condos, developers struggling and predictions for the future.
Podcast Videos can be found on the Garbutt + Dumas Real Estate Team YouTube channel
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Denny Dumas [email protected] Instagram: /denny.dumas Facebook: /denny.dumas.5
Garbutt + Dumas Real Estate Instagram: /gdrealestateteam Facebook: /gdrealestateteam Website: garbuttdumas.ca
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