Presale Panic: Inside Vancouver's Imploding Condo Market
Description
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
Email us at garbuttdumaspodcast@gmail.com
James Garbutt
james@gdrealestate.ca
Instagram: /jamesgarbutt
Facebook: /jamesgarbutt
Denny Dumas
denny@gdrealestate.ca
Instagram: /denny.dumas
Facebook: /denny.dumas.5
Garbutt + Dumas Real Estate
Instagram: /gdrealestateteam
Facebook: /gdrealestateteam
Website: garbuttdumas.ca
United States
