They bought their condos in pandemic. Now, they’re stuck ‘bleeding cash’

February 16, 2026

The Globe and Mail: They thought they’d lucked out when their offer to buy a $520,000 two-bedroom condo was accepted. But five years later, Ms. Parc sees things differently. If the couple were to sell the condo today, they estimate they’d lose $70,000 to $100,000. Leasing would mean a $6,000 annual loss, based on the difference between what they could charge for rent and their mortgage payments plus condo fees…