Friday, October 23, 2020

CMHC Warned Of Lost Down Payment


Vancouver Condo Buyers Down 90% Of Down Payment
Vancouver’s pandemic condo buyers are doing better than Toronto, but worse than the rest of the country. The price of a typical condo has fallen 0.77% from April, or about $5,300. When insurance is included, these condo buyers have lost about 90.77% of their down payment. When including payments over the period, the owner is estimated to have 1.81% equity. Not great, but more than twice that of Toronto might feel like winning the lottery.



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