Drake's BlogMarch 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.