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“at least 46 condos with this status have been listed” seems to be “Flooding the market”
That’s stretching the definition quite hard…
46 units is literally a drop in the 160,000+ unit bucket that is the Victoria real estate market. That’s 0.03% of the total units. A third of a tenth of a percent.
This is exactly what I said would happen, people said “there’s so many it’s distorting the market” and I said that there’s not actually that many units and it won’t do a damn thing.
Are you sure there’s 160k units for sale right now, or are you comparing “units for sale” vs “units that could be for sale total”? And is apples-to-oranges comparison intentional?
Oh. Gotcha.
I’m comparing the number of units for sale against the total size of the market.
It’s a reasonable comparison.
You can’t flood a pool with 1 liter of water.