Thanks again for all the replies
One of the problems with moving into the one bedroom condo is that for a few months we'll essentially be homeless. If our landlords sell the place this fall, we'll get our 30 day notice and be without a place of our own. My wife's family have graciously offered us a room at their place, but they have a large family and a small house. And, to be honest, it would be really nice not to have to move at all.
Another problem with our one bedroom condo is location. Our condo is located right by Anderson station (Gateway Southcentre), whereas we're currently up in Arbour Lake. My wife's family lives in the northwest, our church, my wife's work, and all of our friends live in the northwest. While the distance isn't horrible, to have to travel back and forth across Calgary daily would be quite taxing on a one car family.
In terms of selling the place, I know that we cannot sell until we have taken possession. However, there seems to be no restrictions once we have the place. We definitely don't have to wait until the building is finished, as there are other condos in earlier phases of the complex that have been listed and sold.
Currently we're only interested in older two bedroom condos b/c they are in the same approximate price range as our new one bedroom condo. We want to be a single income family (as tough as that can be now in this city), so we're trying to keep our costs down as much as possible right now.
Anyways, thanks again for all of your thoughts and advice! It certainly helps to hear other people's perspectives on the situation.
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