The Canadian Real Estate Investor - New Condo Prices Just Dropped Big Time!

In this video, we delve into the current state of the pre-construction condo market, featuring insights from my friend and industry expert Jordon Scrinko from Precondo. Key topics include dramatic price drops, equity loss projections for 2024-2027, and the increasing prevalence of cash flow negative investments. Learn about the significant downturn in both resale values and rental prices, and understand the long-term economic impacts. Subscribe for regular updates and join the discussion in the comments! 00:00 Jordan Scrinko and the Pre-Con Market 00:10 Aqua Nova's Success and Market Trends 00:45 Southern Ontario's Condo Market Analysis 01:17 Equity Loss and Negative Cash Flow 02:48 Economic Impact of Negative Carry 03:31 Market Distress and Downward Price Discovery 03:53 Current Market Realities and Future Outlook 05:26 Conclusion and Call to Action 1 week FREE trial - Canada's fastest-growing real estate community: https://www.skool.com/realist/about?ref=b8da3671c0794f8298076d38ad304518 Use ai to do your next real estate transaction: https://valery.ca/ #realestate #investing #investment #canada #canadianrealestate #realestateinvesting #realtors #mortgages