Can you believe that, it’s incredible… there’s thousands and thousands empty condos in Montréal, a lot are new, and they continue to build them, sometimes even in high rising towers and all. A lot of them are illegal airbnb too.
Why they cannot sell them? They are small, expensive, and sometimes badly placed (no metro, no parking, bad area, place without services around, etc).
13 in 3 months in downtown area!!!
Isn’t it the norm for a property to generate fees forever? It’s a passive depreciating asset, just like a house
Yeah. My condo fees have replacedy roof and all of the windows in my townhome over the past 3 years. Plus have mowed the lawn, and plowed the driveway.
They’re just smoothing out the cost spikes.