This recent Intracorp blog, dutifully recited by Victoria, “part of Intracorp’s fabulous Sales Team”, is a veritable cypher for the current state of Metro Vancouver’s condo market. Of course there’s the ubiquitous generic micro living/investment space, and the soul-crushing branded lifestyle campaign -in this specific instance for Versatile in “LoLo”, the neighbourhood previously known as Lower Lonsdale.
But there’s a new element, one accompanied by the distinctive scent of desperation: ” … we will lowering [sic] your monthly mortgage payments dramatically for the first 2 years of your term.”
It’s tough out there for real estate pimps. And when the going gets tough, the tough go sub-prime.