The values of condos are dropping in Metro Vancouver as inventories rise and purchases lag. It has resulted in projects being cancelled or turned into rentals, and developers laying off staff. For months this has defined a real estate downturn in the region, and as Chad Pawson explains, it’s due to a perfect storm of four things. Read more: http://www.cbc.ca/news »»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS Connect with CBC News Online: For breaking news, video, audio

Tag-uri: Real Estate