Quote:
Originally Posted by ExiledFlamesFan
I'll be in the market to buy when I move back to AB in 6 months or so.
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Looks like you are aiming for a condo and from what I learned, you should definitely go for the downtown luxury concrete condos.
Back in 2006, I put down deposit on the Arriva and my suburb lowrise condo at the same time. But I went cheap and bought the suburb lowrise.
Looking back, I would have made out better even with Arriva's developer went bankrupt.
Concrete buildings are better constructed and builders can't cut too many corners on a highrise. Also, concrete buildings tend not to have moisture problems.
But the biggest reason I would go for downtown highrise is that the suburb lowrise buyers don't want to buy apartments. They only buy them because they can't afford a house.
The downtown highrise buyers actually don't want a house. Single houses are not in competition for downtown highrise buyers. So downtown highrise will be easier to sell and probably will appreciate more.