Another thing condo owners do to try to differentiate themselves is spend thousands of dollars on upgrades. This is usually a bad investment as only a fraction of that is recouped when the condo sells. Industry data shows that similar sized units sell for similar prices, regardless of any upgrades done.
When selling a house, pricing it correctly is one of the most important steps. If the house is priced too high, it can linger on the market for months without any chance of selling. Even worse, if the price is too low, it will certainly sell, but the seller could be leaving tens of thousands of dollars on the table.
People live in lots of other cities in our country and for many different reasons. Yes, Vancouver is beautiful. Yes, we have a mild climate. Yes, our quality of life here is amazing! However we also have tons of rain, an out-of-control cost of living and -- absurd property prices. Anyway, I digress. I'm on the last leg of my cross-Canada tour. Today we'll have a look at what your Canuck bucks will fetch you in Alberta.
I've always found the disparity of housing market articles fascinating. On any given week I will come across headlines varying from predictions about an imminent collapse to stories about how the market has never been better. Statistics can be manipulated in so many ways that realtors, journalists, economists, or whoever feels like it, can pretty much paint the market to look however it best suits them.