If your mortgage broker doesn't understand this, get a new mortgage broker. And newspapers, please stop quoting mortgage brokers as disinterested experts.
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Some related anecdata. Last year, a 2-bedroom in a 1970s building in my neighbourhood was $2900. This year, it's $2500. And a 2-bed in a nearby 2008 building is $2650. Not because these landlords got nicer, but because completed new builds helped lower demand in the overall market.
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