I was curious how much units were initially sold for. Came across a couple of articles:
From 2016:
https://globalnews.ca/news/2782635/i.../?sf29518919=1
From 2018:
https://calgaryherald.com/business/c...ers-set-up-sho
It sounds like a small unit was in the 180's, whereas a larger unit (350 sqft) was $500k. Unfortunately, I think investors -- some sophisticated and others likely not -- assumed that there would be demand for
their unit and they could just sit back and collect the passive income. It obviously hasn't worked out that way.