Let’s mark the date – March 20, 2019, is the date this record happened. For more about this article on CBC “Don’t have a hope – Edmonton Condo Sales Slump Drags on” – Click here for the article
I happened to work on my newly developed model to guide my personal investment. To test it out, I plugged all the numbers as close as I can, and what I concluded that in around 2037, this property should be back to the break-even status if the owner is able to hold it that long with a reasonable market renting value. Here is how it works.