Winnipeg, Montreal and Moncton are grappling with a surplus of unsold condo units driven by a surge in new construction and a dwindling supply of first-time buyers in the wake of Ottawa’s decision in June, 2012, to limit mortgage insurance to amortization periods of 25 years or less from 30 years.
http://www.theglobeandmail.com/report-on-business/economy/housing/the-real-estate-beat/smaller-canadian-cities-grapple-with-surplus-of-unsold-condos/article23165014
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ASKING $1,328,000
16-4411 WILLIAMS ROAD, RICHMOND BC (click on image for details)
Photo courtesy of TOURISM VANCOUVER
Photo courtesy of TOURISM RICHMOND
Photo courtesy of CITY OF BURNABY
Photo courtesy of CITY OF NEW WESTMINSTER
Photo courtesy of CITY OF SURREY