Posted Jun 24, 2012, 4:56 PM
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Registered User
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Join Date: Jan 2007
Location: Surrey
Posts: 1,756
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The lacking sales for the first day, as per Metrotown standards, is indicative of a cooling condo market. I expect the value of the condo's to decrease 15-20% over the next year, suggesting that the 138 pre-sale purchasers at Moda will take a financial hit when they move in. In addition to the new mortgage restrictions, it seems that the only direction presales are going is down.
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