Which condo to buy?
I know we've had tons of condo threads, but CP seems to have some good advice and I want my share of it.
2 Key questions:
1) From an investment point of view, would you buy a condo in Calgary or Vancouver?
It would likely be in downtown or the west end of downtown for Calgary, and Kitsilano in Vancouver.
In either place, we're looking to spend about $400 000 - $460 000 and are looking at 2 bedroom, 2 bathroom places.
If we buy in Van, I will live in it. If we buy in Cal, we will rent it out and I will rent in Van.
2)We're leaning towards buying a developing condo in Calgary, and just renting it out once it's ready.
The most likely choices are
a)Nuera by Cove Properties
b)Keynote by Keynote Developements
c)Colours by Battistella
Does anyone know much about these developers or have any concerns about them?
I overheard some guys at the nuera presnetation center saying that Battistella is a bad developer and Colours may not be a good choice, even though it is priced really well.
This is our first condo purchase, so any help and general red flags we should watch for would be great.
Thanks
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