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“The builders are still enthusiastic but it is surprising because there is a huge inventory of unsold units,” said Hilliard MacBeth, the Edmonton-based author of When the Bubble Bursts:Surviving the Canadian Real Estate Crash. “And that’s why we are seeing these amazing incentives to try and get buyers to take action.” Some desperate Calgary condo owners are trying to attract buyers with big incentives. One seller in Marda Loop is offering a week-long trip for two to New York City and a developer in Auburn Bay is offering a year of free condo fees, cable and internet . In Sage Hill, a buyer can get a $1,800 travel voucher , upgraded appliances or six months of prepaid condo fees. More sellers to offer incentives Senior real estate analyst Don Campbell of the Real Estate Investment Network says more sellers will start offering incentives to move their units. “A strategic buyer will buy it if they think that they can make it work, you know, financially. But they’ll probably get it at a discount, which is nice for the buyer, not so great for the seller.” An advertisement offering incentives like travel vouchers, appliance upgrades or six months of no condo fees as incentives to new condo buyers. (Shanehomes.com) He says it will be a long time before calgary condos for sale|Calgary the excess inventory is absorbed. “We’re in for a long ride in Calgary and Edmonton.

For the original version including any supplementary images or video, visit http://www.cbc.ca/news/canada/calgary/calgary-real-estate-condos-sales-incentives-1.4100985



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