04-25-2024, 08:10 AM
I just counted over 100 resale condos on Realtor in downtown Kitchener. I also noticed that there are still for rent signs on Civic 66 and The Scott as well as the rental building beside the Arrow lofts. If the law of supply and demand plays true, should we not start to see price drops in both resale and rents? Or will the corporate investors swoop in and grab all of the listings? On a side note, I was talking to a friend of mine who owns a local rental property that is currently costing him $1000 per month over and above the rent that he is currently taking in.