Posted Apr 22, 2016, 1:00 AM
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Moderator
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Join Date: Aug 2007
Location: Quebec
Posts: 42,227
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In terms of timing I think it's the exceptionally low interest rates that've been the real driver for the worldwide condo tower construction boom -- with the number of units coming online disconnected from actual demand for housing in many places -- of the last few years.
Even in Montreal the new towers tend to get bought by Chinese investors in a surprising proportion. The sheer number of empty units must be at an all-time historical high in Canada. I suspect it's the case worldwide too.
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