I have been hearing a lot of opposing arguments for condo's right now, and when the best time to buy would be. We had a chance to walk around a bit downtown over the weekend, and found a couple beautiful condo's that are in a great location (one just finished being built, other is a hole in the ground with completion date in 2009). We wouldn't be moving to Calgary permanently until probably 2010 or 2011, but we want to buy something brand new, close to work and to our taste, and the ones we found fit that.
But what does everything think the value will be in the next few years? I know there are something like 9000+ condo's entering the market in the next little while, which will obviously drop the price. But is it going to drop a substantial amount, or is the fact that people are moving to Calgary every day even it out?
Along the same lines, what does everyone think of the developer Resiance?