More than 2,000 condos sitting empty in Metro Vancouver amid housing crisis

https://www.youtube.com/channel/UChLtXXpo4Ge1ReTEboVvTDg https://ift.tt/DrLTpGN More than 2,000 new condos in Metro Vancouver are sitting unsold and empty despite an ongoing housing crisis and steep rental prices, according to a recent report. The report by real estate agency rennie found the number is predicted to rise to nearly 3,500 condos by the end of 2025. In addition, pre-sales are so low that it is forcing some developers to rethink current projects. As Alissa Thibault reports, at least one analyst say it's a combination of economic uncertainty and low affordability. For more info, please go to https://ift.tt/P6XdCWn Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews #RealEstate #Vancouver #Housing #Condo