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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