We're seeing some odd sales figures in our Calgary projects. One of our high end DT projects keeps selling despite what the rest of the condo market is doing, and our other is at risk of folding completely.
I think what is happening in Calgary is a diversification of product. I don't think you'll see widespread massive gains in the market as the previous few years, but certain areas will continue to prosper while others will get left behind.
People will have to start shopping for good product and locations, instead of just buying anything and making money on it. I think there's good investments to be had for those who put the effort in to know the market, but your average joe who made money on his house without knowing anything won't get so lucky again.
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