New Condo vs Resale Condo Market

[Jalise]

We never check out condo so don't know much about condo market. From the news and CFC, the housing (including condo) market is cooling down.

Yesterday, while having an hour to kill at By-ward market, we walked into Richcraft's condo just off Rideau street & King Edward (close to Ottawa U). No one was there so we had the sales lady all to ourselves. We asked her about the price and whether there would be any price drop. To our surprise, she said there would be an increase next month. She said the new condo market is very different from the resale condo market. Resale condo market could be dropping but NOT the new condo market. This building still have about 20% unsold units.

MMG or any housing expert, does this make sense?

 

[ccc II]

Location, location, and location, condo units in particular.

 

[苦逼热狗]

早买的人已经从新房的升值里头赚到钱了
downtown地区的condo长远来看是不会掉的

 

[Anakin]

炒花是没戏了，长远点看。。。。那地段只有更贵的。

 

[Jalise]

这麽说，有钱的话，还可以买。

 

[mimi_ge]

这麽说，有钱的话，还可以买。

有钱当然可以买，算算每月有正cash flow就行了。房子长远看跑赢通胀没问题。
有人讨论以后退休，照我说，有3套房子付清，足以退休了。啥经济好不好啦blahblah，再不好也也有人要租房不是。
至于condo，由于有一个condofee的问题，单纯从升值角度来说肯定不如single，但好在地段一流，而且容易出租，看你咋看了。

 

[mimi_ge]

We never check out condo so don't know much about condo market. From the news and CFC, the housing (including condo) market is cooling down.

Yesterday, while having an hour to kill at By-ward market, we walked into Richcraft's condo just off Rideau street & King Edward (close to Ottawa U). No one was there so we had the sales lady all to ourselves. We asked her about the price and whether there would be any price drop. To our surprise, she said there would be an increase next month. She said the new condo market is very different from the resale condo market. Resale condo market could be dropping but NOT the new condo market. This building still have about 20% unsold units.

MMG or any housing expert, does this make sense?

你说的这是200 rideaul后面那幢楼吧，都卖了好几年了，还没卖掉啊。
价格上涨？听她胡说，现在condo都要30percent down了。门口没人，卖给鬼去。
3年一共涨了10percent，假如这叫涨的话，那就算吧。

 

[Jalise]

你说的这是200 rideaul后面那幢楼吧，都卖了好几年了，还没卖掉啊。
价格上涨？听她胡说，现在condo都要30percent down了。门口没人，卖给鬼去。
3年一共涨了10percent，假如这叫涨的话，那就算吧。

Not sure it is the one behind 200 Rideau. 这幢楼是在 238 Besserer. Yes, as of yesterday, still 38 out of 192 units available.
A 2-br condo (less than 900 sq ft) is asking over $400K. Quite expensive.

 

[风过]

这个贴有意思

 

[mimi_ge]

Not sure it is the one behind 200 Rideau. 这幢楼是在 238 Besserer. Yes, as of yesterday, still 38 out of 192 units available.
A 2-br condo (less than 900 sq ft) is asking over $400K. Quite expensive.

comeon
440元一尺，ottawa downtown，其实真不贵，假如出租的话，1900上下一个月吧。
那小意大利都开500朝上。

 

[风过]

comeon
440元一尺，ottawa downtown，其实真不贵，假如出租的话，1900上下一个月吧。
那小意大利都开500朝上。

不止。 如果自住，合算吗？

 

[mimi_ge]

不止。 如果自住，合算吗？

住condo，是享受生活，care free的生活，从升值角度肯定不如single，town house
合算不合算，就是仁者见仁智者见智

 

[CandyApple]

comeon
440元一尺，ottawa downtown，其实真不贵，假如出租的话，1900上下一个月吧。
那小意大利都开500朝上。

plus condo fee, 不是要倒贴吗？能赚钱吗？30年后房子都没人想住了吧？

 

[Jalise]

comeon
440元一尺，ottawa downtown，其实真不贵，假如出租的话，1900上下一个月吧。
那小意大利都开500朝上。

Sorry, know very little about condo market.

 

[Jalise]

你说的这是200 rideaul后面那幢楼吧，都卖了好几年了，还没卖掉啊。
价格上涨？听她胡说，现在condo都要30percent down了。门口没人，卖给鬼去。
3年一共涨了10percent，假如这叫涨的话，那就算吧。

Where can you find condo that are 30% down? Thx.