Quote:
Originally Posted by Table 5
It's basically 30 grand. While Im not sure if the value has really gone down too much (basically paid 290k for a 600sq-foot 1 bedroom in a pretty desirable location on 1st street), I do think in the mid/long term it's better to rent it out then walk away. I would most likely have to pay $300-400 ontop of the mortgage/fees....which is basically about 1/1.5% value of the home per year. One would think the appreciation on a condo in Calgary will be higher than that once it gets over this hump, no?
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Just curious.... 1st and what Ave SW? If it's between 10 Ave and 17 Ave (Beltline) I'd say you got one helluva deal!