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TagsAppraisals & Inspections, Commercial Real Estate Appraisal, News, Real Estate Appraisals

Rising Deductibles and Insurance Premiums Threatens Condo Resale Values

Now is not the best time to own a condo. Due to the rising number of natural disasters and reconstruction costs, some insurers are backing out of the condominium market. As such, insurance premiums for condo buildings are rapidly spiralling upward in Canada. Unfortunately, this isn’t the only component that’s challenging the wallets of condo…