Prices drop, developers offer incentives as Vancouver condo market cools off

When the Vancouver real-estate market was hot, presale condo buyers lined up overnight to snap up units at new projects and many people could profit by selling their contract on to another buyer.
Now, it appears some presale condo buyers are willing to sell their unit at a loss rather than complete the sale.
The sales information for a 1,350-square-foot unit at Wall Financial Corp’s Shannon Mews project on Granville Street, for example, says the original presale contract price was $1.699 m