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Sunday, February 1, 2009

Forced Landlords in the New Market Reality

The Vancouver real estate market has been interesting to watch. Last year many investors pre-bought condos in the Metro-Vancouver area.

Now, these same Vancouver condos are worth less then when they purchased them. This forces these investors to either:

  1. Walk away from their deposits (if possible),
  2. Keep the property, 
  3. Sell the property to help minimize losses, or
  4. Rent the property.

If they choose...

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