Quote:
Originally Posted by blankall
I know a few people in Vancouver, who are now looking to Calgary for investment condos. All of BC is ridiculously priced at this point.
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You should probably tell them to look at investment houses instead. The real value is in land in Calgary, particularity anything considered inner city. They are endlessly building new condos, which eats the market for used ones. And by the time you want to sell, well, yours is old and used, and buyers look at the new ones. This has been happening for at least 15 years here, and it's rare to hear of someone making any significant profit on a condo in Calgary.