c/canada · by RandAlThor@lemmy.ca · 2y

Free parking and mortgage holidays: Developers offering new incentives as preconstruction condo sales plummet

https://www.cp24.com/news/free-parking-and-mortgage-holidays-developers-offering-new-incentives-as-preconstruction-condo-sales-plummet-1.6878709

27 points · 5 comments · view on lemmy.world

5 Comments

sbv@sh.itjust.works · 5 pts · 2y

“So you see them trying to bring forward different types of one-off incentives like free parking or like mortgage holidays for a couple of months, or things of that nature to try to bring buyers in without resetting the overall value of the units because once that reset happens, then that can change the market dynamics going forward.”

😬

Cobrachickenwing@lemmy.ca · 3 pts · 2y

Building rooms instead of apartment and charging house prices, I wonder why no one is interested?

Alexstarfire@lemmy.world · 1 pts · 2y (2 replies)

Wtf you mean "free parking" as an incentive? I expect parking to be free when purchasing/renting any form of home.

SamuelRJankis@lemmy.world · 2 pts · 2y (1 reply)

Assuming this is a sincere question. On the Vancouver side parking spaces in presales were about 35k in 2017 they're now about 55k. A lot of new builds don't include 1:1 parking space to bedroom for a while now.

Also regarding the rental, there's plenty of condo landlords that will not include a space or storage unless the tenant wants to pay extra. Otherwise they just post it on the bulletin board and get whatever for it anyways.

Alexstarfire@lemmy.world · 1 pts · 2y

Well, I already knew Vancouver was massively expensive. But this takes the cake.