Posted Mar 16, 2023, 1:47 PM
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Registered User
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Join Date: Oct 2006
Location: Hamilton
Posts: 3,129
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I suspect point #3 could be part of the problem. I'm noticing condo units staying on the market for longer periods of time throughout the city. I counted about 23 KiWi units that are still for sale on MLS - and from what I've seen, what's listed on MLS isn't usually everything they have for sale. They probably need to drop the price a bit now to attract buyers.
Hard to start developments when newly completed and desirable ones are sitting without buyers.
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