mig174
Active Member
So I was browsing around realtor.ca and took a look at the area that probably has seen the highest number of new condos built in the past 5 years. It's astounding how many of these properties were bought pre-construction just for the purposes of flipping them later. I'll let the screenshot speak for itself:
This is using a price range of 150k to 500k. It gets worse if you increase the upper limit. The 66 property bubble is 215 Fort York Blvd and the 54 property bubble is 38 Dan Leckie Way.
This is the amount of listings for rent in the same area (likely underestimates total):
Thoughts?
This is using a price range of 150k to 500k. It gets worse if you increase the upper limit. The 66 property bubble is 215 Fort York Blvd and the 54 property bubble is 38 Dan Leckie Way.
This is the amount of listings for rent in the same area (likely underestimates total):
Thoughts?