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Old Posted Dec 5, 2019, 5:07 PM
Vancouverisfalling Vancouverisfalling is offline
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Join Date: Dec 2019
Posts: 16
Buyers Stepping Back, Insurance Already Chilling Market

1)People just starting to understand the seriousness of these changes

2)Some buildings simply cannot get Insurance without expensive repairs and maintenance, causing Strata Fees to Spike

3)Mortgage Lenders will not approve purchases of Condos which do not qualify for Insurance

4)Condo prices will be impacted and the market is already feeling the chill

https://www.msn.com/en-ca/video/news/condo-insurance-concerns/vi-BBXz0Nc
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