Quote:
Originally Posted by blankall
I don't really see it catching on in Calgary though. You can buy a decent sized strata property for sub $300k. If you think a condo board is bad, you should see how controlling these co-op boards are.
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But would that really be a barrier to entry for young people, particularly? Given today's real estate climate and only the wealthy being able to enter this game right now, this option would give people just starting out home ownership at an affordable price, and a fun social aspect to it as well. I'd wager to say it could be successful depending on the location and the quality of the development.