Correct. The condo market has been very slow prior to the EB5 crisis, and in good part due to the high US dollar. A third of the owners are canadians. Prices have stayed constant but I expect them to go down but not because of the EB5 crisis. IF you cut your buyers market by a third and add more units to the sales pool by Canadians trying to make a quick buck on the exchange rate, you end up with a much larger inventory than normal. The ridiculously high school taxes for second homes are not helping either.
As a homeowner, I feel that Jay Peak will be in a much better position once it is sold, than it has been in the recent years.
Interesting info; I have more research to do.
Maybe I should buy a place near Montreal.