Quote:
Originally Posted by azzarish
I'm looking to sell my house this month and cash in on the investment I made. I bought before the real estate boom in mid-2005, and the price of my house has virtually doubled since then. We built with Cardel and had no problems. Now I'm looking to pour some of my profit into building a new house, just not sure which community. Anyone have any insight into which areas in the City might take off a few years down the line.
There is some major development in the South, in the Auburn, Evergreen areas. But with the c-train being extended at Crowfoot and then further to Rocky Ridge/Tuscany those N.W. areas are prime too. What about Kincora or Evanstan?
Also does anyone know what is happening with the Mega Mall in the Balzac/Airdrie area? That might be a good place to invest too if you are looking at building.
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I am curious to hear how you plan on making a profit from your current house. I did some research over the last month, and unless you are downgrading from what you have now, a new house is going to cost roughly the same as you get for your current place. For example, I can probably get around $600k for my place in Cranston. To build a new house with close to the same square footage, it will cost roughly $600k. So, what's the point?
I am not hating or anything, just genuinly curious as maybe I missed something when I was thinking about it.