I recently wrote an edition presenting a statistic that isn't covered very often and it garnered some attention and debate. The statistic I'm referring to is the number of completed but unabsorbed houses. These are houses (single and semi-detached) that are freshly built that don't have a binding, non-conditional agreement made to buy or rent the house.
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.