's condo market?" a reader asked for my thoughts on buying pre-sale condos in the current real estate market. You must also pay GST on new construction, which adds five per cent to the cost of a condo, or $30,000 on a pre-sale selling for $600,000. Buying a condo todayIf I had to buy a condo today, I would focus on the pre-existing condo market. Some investors have done well buying pre-sale condominiums in Vancouver's rising real estate market.

Source: CBC News October 11, 2020 13:52 UTC