August at University District | ?m | 6s | Avi Urban

Surrealplaces

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JonnyCanuck

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Strangely, the condo projects in the University District have not been selling that well. August and Brookfield have many units to sell and Truman has a few as well. Although, I did hear that Truman may be moving ahead anyway with their next build here.
 

UrbanWarrior

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Is that the Gramercy one?

Edit: nvm that one is Gracorp.
 

CBBarnett

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Strangely, the condo projects in the University District have not been selling that well. August and Brookfield have many units to sell and Truman has a few as well. Although, I did hear that Truman may be moving ahead anyway with their next build here.
Well.... the province's cuts of $90M to U of C have resulted in some 500 job losses at U of C in recent years, not to mention the health care cuts and wage rollback threats.

I would guess that the University District's market is very over-weighted in the types of buyers who work at the hospital or U of C. For those that weren't impacted yet, possible wage roll-backs and future cuts would certainly depress interest in putting a down-payment on a new unit. Cuts and position elimination often hits the entry-level stuff the hardest - exactly the type of buyer who is often on the younger side and looking to move nearby their work.

So this is one Calgary submarket where I think there is very little surprise why it might not be doing as well.
 

Ubran Outdoorsman

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Strangely, the condo projects in the University District have not been selling that well. August and Brookfield have many units to sell and Truman has a few as well. Although, I did hear that Truman may be moving ahead anyway with their next build here.
What's Truman's next build?
 

ThujaPlicata

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They're not selling too well because who wants to buy leasehold, especially in Calgary - even if it's a 100 year lease.
 
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artvandelay

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Wow I didn’t realize UD is leasehold. I’d expect things to pickup as the new cancer centre comes online.
 

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