That is a ridiculous price for a 683 square foot unit at either price. The only reason they can get away with this, from what I understand, is they are selling A TON of these units to rich foreigners that don't know jack about the Calgary real estate market, that have kids going to the U of C, and like the building because of the proximity to the campus.
I would almost bet, that English will be a second language in these buildings, as one person I know says that these will almost primarily be occupied by Chinese students.
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