Condo Buyers Getting Slaughtered

The ROI On A Minimum Downpayment Is Negative In Toronto And Vancouver

Canada Mortgage and Housing Corporation (CMHC) warned first-time homebuyers in April to be careful about jumping in. Despite a lot of real estate agents mocking the organization, the agency was mostly right. Typical condo buyers in Toronto or Vancouver in May, are most likely down more than a downpayment in December. Let’s take a look at these returns.