Hudson Condos | 20m | 5s | Sarina Homes | Casola Koppe

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Surrealplaces said:
Decent name.

There sure seems to be a push to sell condos to Ontario investors.
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Yes there is. There are 39 Calgary projects on that website and only 2 from Edmonton. Aside from rent guarantees, I don't know how they are selling them. Yes owning a condo in Calgary is much cheaper than a comparable condo in Toronto and Vancouver. However, what are the prospects of price appreciation in Calgary? If recent history is any indication ... there are none. Anyone buying a condo in this market 10-15 years ago has not seen any price appreciation and if you really need to sell, be prepared to sell for less that what you paid for it.
 
JonnyCanuck said:
Yes there is. There are 39 Calgary projects on that website and only 2 from Edmonton. Aside from rent guarantees, I don't know how they are selling them. Yes owning a condo in Calgary is much cheaper than a comparable condo in Toronto and Vancouver. However, what are the prospects of price appreciation in Calgary? If recent history is any indication ... there are none. Anyone buying a condo in this market 10-15 years ago has not seen any price appreciation and if you really need to sell, be prepared to sell for less that what you paid for it.
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Ssshhhhh! Ontarians might be reading this!
 
JonnyCanuck said:
Yes there is. There are 39 Calgary projects on that website and only 2 from Edmonton. Aside from rent guarantees, I don't know how they are selling them. Yes owning a condo in Calgary is much cheaper than a comparable condo in Toronto and Vancouver. However, what are the prospects of price appreciation in Calgary? If recent history is any indication ... there are none. Anyone buying a condo in this market 10-15 years ago has not seen any price appreciation and if you really need to sell, be prepared to sell for less that what you paid for it.
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"Past performance is no guarantee of future results."
 
JonnyCanuck said:
Yes there is. There are 39 Calgary projects on that website and only 2 from Edmonton. Aside from rent guarantees, I don't know how they are selling them. Yes owning a condo in Calgary is much cheaper than a comparable condo in Toronto and Vancouver. However, what are the prospects of price appreciation in Calgary? If recent history is any indication ... there are none. Anyone buying a condo in this market 10-15 years ago has not seen any price appreciation and if you really need to sell, be prepared to sell for less that what you paid for it.
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Investing is always a gamble, but Calgary is probably as good a place as any to invest in. Toronto and Vancouver have had high gains over recent years, but are also a risk of large drops. Toronto is already seeing some drops, whereas Calgary which is suddenly at 5.5% unemployment and has had a down market for some time may be one of the few places where real estate rises over the next 2-3 years.
 
MichaelS said:
Sarina is marketing this one as Hudson Condos:
myinvestmentbrokers.com

Hudson Condos | Pre Construction Condos Investment

myinvestmentbrokers.com myinvestmentbrokers.com
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Rendering looks pretty good. Don’t expect the landscaping to look anything like this unfortunately. Sarina doesn’t have a great track record in the neighborhood of maintaining their landscaping at their buildings.

Will be interested to see if Sarina follows through with this one as a condo. I think they will because the market has improved somewhat in Calgary, but they had initially marketed Harrison as a condo (I know someone who originally purchased a commercial unit in the building) before switching to rental.
 
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