Quote:
Originally Posted by BlackArcher101
Explains why there's an increase of vacancy of the houses on the market. I shake my fist at them and fart in their general direction. 
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Because not everyone wants to be a landlord, and there are more people buying before selling nowadays if they found a place they liked. Because chances are anything priced right & looks nice will be snapped up in a hurry and they don't want to take that chance, so once they bought they leave their previous place vacant during the listing period. Plus it's easier to let people see your place if they don't have to work around your schedule.
Of course there's also the speculators who buy pre-constructed new condos, but those are becoming scarce as a lot of builders have caught on to this and are trying to curb it by asking for the downpayment early and inserting pre-assignment ban clauses into the purchase contracts. As a result the 30% vacancy rate you heard about in January has greatly diminished since.