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I too am excited that the tower is going up and have been rooting for it since I came across it. As to your comment "I don't know anybody collecting CERB anymore", I would say to you that I don't personally know anyone who has or got Covid - does that matter all?

Just wait for the CERB to end along with mortgage, credit card, car payment deferrals. It has the ingredients for a shitshow we have never seen.

The speculators and investors are trying to avoid selling as they want to hang on. If the price of the condo is dropping vis a vis rent, the value will need to be adjusted. The current formula of putting 20% down with the renter covering mortgage/condo fees/taxes was already a cash-flow...

Condo prices are not increasing they are decreasing. Downtown you can rent units that 12 months ago were $2300 per month for $1800 now. The investor/speculators that recently bought in are now under water. Much of this is attributed to Airbnb although other factors such as quality of lifestyle...