Thursday, September 18, 2014

Sales must be slow

Sign on condominium tower, Vancouver, BC

Units in this building have been on the market and ready to occupy for over 18 months and according to this sign there are still some available. Given the overheated nature of Vancouver's real estate market that is not a good sign.

What is the problem? Too expensive? Poor quality construction? Neighbourhood amenities not in place yet?

Of course there is another possibility. The suites are all sold and the developer is too lazy to take down the sign.

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