I must say I’m not too surprised. The low end of the market (condos) is actually closer to turn cash-flow positive than the rest of the market. This is because condos are more volatile, get hit harder, and everyone nowadays hates them.
Also, rental demand is quite good at the low end, but not so much at the high end. Good luck turning cash-flow positive on a $800K property! The gross rental yield could be as high as 6% on a condo, but it is almost certainly below 4% on an expensive property.
