For the low-quality, wood frame, multi-unit buildings nowhere near transit popping up I would guess their break even point is so low they can handle a low price environment.
I would be very curious to know the average break even point on a new condo unit.....obviously depends on a ton of factors like location, finishings, builder etc but I would venture to guess many builders make so much money off them they can keep building them even now. Why else would we continue to see them saturate the market in a low oil price, negative growth economy?
Another obvious factor is the city leans towards being builder-friendly and they have stated they want to increase the tax base so approvals may be easier in Calgary compared to other cities
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