Quote:
Originally Posted by tvp2003
The spring of 2006 was when every property in the City went up by like $100k or more -- the last really big real estate boom IIRC. I know people have talked about houses built in 2006-2007 as being shoddy because trades were stretched thin, so but I think that's anecdotal more than anything. Like you said, if there were major issues they would have likely been addressed and resolved by now.
|
The construction quality went up substantially in the early 2000s compared to the 1980s/1990s.
Maybe it's not as big of an issue in Calgary, as Vancouver, but if you buy something in the 1990s here, it's almost a certainty that there are major issues with the foundation and envelope that will cost you $50-300k to address.
The "leaky condo" crisis, wasn't just a clever name, legitimately most buildings from that era had serious problems, and not just condos too:
https://en.wikipedia.org/wiki/Leaky_condo_crisis
Anything built post-2005 is a lot more trustworthy. However, I wouldn't say that's enough time to address major issues. Now is just about when major issues like foundation and envelope problems from those builds will become apparent.