Quote:
Originally Posted by DoubleF
Calgary has an oversupply of condos right now with more towers expecting completion soon. Old condos get screwed by new condos because new and lower condo fees.
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The current generation always has the mentality that newer is always better. Businesses have gone the way of maximizing profits with no care for reputation nowadays. Sure, you can get a place brand spanking new for $0.40/sqft condo fees, but go around and ask any condo owner of a new building how quickly this has ballooned to $0.80/sqft with an impeding special assessment.