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MeetDrake: Drake's giving away 2 free pairs of SOLD OUT Roundup tickets! Tell us why you LOVE 17th Ave and be entered to w...

Drake Testimonials

Drake's Blog

March 5, 2012

Calgary's Condo Market About to Take Off!


Since opening our doors we've had almost two thousand people come by and check us out. With over 60% of our condos sold and construction well on its way, all signs are indicating that this is going to be a very busy Spring.

According to a report from real estate research firm Altus Group, new condo sales in Calgary are on the upswing again with sales in 2011 more than 100% higher than the year prior - from 1100 sales in 2010 to 2500 sales in 2011. The report was recently profiled in a Financial Post article here http://business.financialpost.com/2012/03/02/move-over-toronto-calgarys-condo-market-about-to-take-off-in-2012/.

The economy has improved, rental vacancies are low and both investors and end-users are seeing the value that Calgary has to offer.

At Drake, we've got a variety of floorplans and stylish interior details you won't find anywhere else in the city. And with prices from $194,900 and the experienced Grosvenor team developing Drake, you can relax knowing your home is a solid investment for years to come.

With signs of a strong Spring market ahead, we look forward to showing you why Drake is the best buy in town.