Quote:
Originally Posted by darklord700
But those buyers will lose their deposit which could easily be 10-20% of the purchase price, won't they?
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Yes they would. Unless priced drop so far it's worth it to walk away from your deposit, it's unlikely many buyers would not close on their purchase.
Not to mention a lot of those development will have 2016/17/18 completions, so the state of the Calgary market at that time will be different anyway.