Quote:
Originally Posted by Realtor 1
I recently spoke to a new development sales person who has worked in the industry for quite some time. He said he has never seen so many pre sales coming in from China to people who had never seen the site or show suite.
Take it for what its worth as it was 1 persons take but he also mentioned that many of the pre sale purchasers were previously investing in Vancouver.
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That's when affordablity of cities really becomes an issue for regular people. There's nothing like having the market heated up with millionaires looking to stash their cash. However, it shouldn't be much of a surprise given that Calgary is a pretty desirable city.