People have perhaps realized that condos are poor investments unless you are in a land locked area ?
Cars rule in Calgary and Edmonton and most suburbs can be reached in 1/2 h or less. So why get a condo ? In addition, most condos are overpriced tiny shoeboxes with minimal appreciation potential, uncontrollable condo fees and often poorly built with hard to enforce building deficiencies. Of all my real estate investments over the last 20 years condos were probably the lowest ROIs.
Money is made in land ownership in expanding regions. Buy land ( with a house on it ) not a condo if you wish to make some decent gains.
