http://calgary.ctv.ca/servlet/an/lo...Y_Condo_CMHC_100324/20100324/?hub=CalgaryHome
Calgary condo speculators are hurting. Cash is king when
foreclosure starts. Keep your powder dry.
That's the primary danger of off-the-plan sales.
One reason why I prefer second-hand goods =)
Another interesting tidbit is that he only put down a <5% deposit...