We’ll get to the point where people won’t admit to having been stupid enough to buy a condo downtown – obviously we aren’t there yet
At last count (about 2 months ago?), there were 3400 additional condos coming online downtown in the next 18 months
Recent downtown condo sales rate is 40-50/month and there are around 600 units available – ie, at least 12 months of inventory currently available and according to Rich prices have downward pressure whenever supply goes over 8 months
With the 3400 added units we will have 80 months worth of inventory or 6.7 years worth
