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Phil . from Canada writes: "Then, the bottom fell out: The office market crashed with the oil bust of the mid-1980s. The national real estate bust hit in the early 1990s, when a number of big developers went under."
And with oil at $120 and real estate with 40% yoy returns, AS IF we're not going to to see a repeat in the next two years.- Posted 29/04/08 at 8:07 AM EDT | Alert an Editor | Link to Comment
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Gottlob Frege from Calgary, Canada writes: 30,000 in downtown Calgary versus 80,000 in downtown Vancouver, with 1.1 million in metro Calgary and 2.2 million in metro Vancouver means they're almost even in terms of the percentage of downtown dwellers per CMA. Vancouver is more dense of course but the Beltine area of Calgary, the neighbourhood directly south of downtown, is as dense as most urban areas of North America and is seeing tens of thousands of new condo units under construction.
- Posted 29/04/08 at 4:07 PM EDT | Alert an Editor | Link to Comment
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