RED IS THE NEW BLACK IN MONTREAL RENTAL MARKET
A report by Canada Mortgage and Housing Corporation suggests that 75% of the landlords renting out condo units have negative cashflow.
I am not a big fan of negative cashflow when it comes to real estate investments but I guess “red is the new black” in the Montreal condo rental market.
Will rents continue to rise if the owners are not making enough money or do they rely on appreciation of the value of their condos?
