Well, it is not surprising that the condo market doesn't do everything good for sellers. During the past year statistics showed a decrease in sales volume and prices. The average day to sell condominiums is 123 days, compared to 90 days in 2009.
Buying a condo is easy when you are ready to sell which has the biggest impact. No one wants to sell their condo for 12-24 months, but that's what I sometimes see. You can explore https://onewallstreet.com/ to find the Wall Street condos.
Here is a list of important criteria that I must follow when buying condos for resale:
Location, location, location besides price, this is everyone's top priority. You want to buy in the upcoming area or the area that has occurred. Close to public transportation, shops, restaurants, or some kind of feature that attracts people like hospitals or markets.
Image Source: Google
Display: You might think a window facing a parking lot or a bad building doesn't bother you, but most buyers will. With lots of condos to choose from, buyers will choose a beautiful view of the brick wall at any time.
Garage: If you buy a condo, having a garage will give you the advantage of coming back. Worst case scenario, make sure you have exterior parking. Winter in Montreal sucks and people don't want to shovel snow on the road to park or have to walk far from the car to their door.
Something special: There are many cake cutting condos now. Find condos with special features. Funky brick walls, designer kitchens, patio doors to the balcony and something that attracts people when they enter.
Equipment included: Many condo buyers are looking for equipment to be included in the condo. That makes it easier to move and most of the condo industry is a new time buyer who will need it.
Size: Size doesn't really matter. The closer you are to the city center, the smaller your condo will be. That is expected.