CALGARY, Nov. 14, 2014 /CNW/ - The City of Calgary is on the verge of experiencing something it has not seen since 2008, as demand for condos outpaces supply. With approximately 1,800 people registered to buy, a downtown development is set to sell the most condos during a grand opening period since the recession.
"We expect to see a line up on Saturday; the response to Waterfront's next phase has been overwhelming," said Greg Zayadi, Anthem Properties Group, VP Sales & Marketing. "Even without a show suite, people are buying based on location, floor plans and price points."
Independent market analyst Altus Group says Calgary is following other major cities in building a livable downtown.
"Current market confidence and demand is the highest it has been since the recession," said Matthew Boukall, Altus Group, Director of Residential Advisory Services. "I'm not surprised that people are lined up to buy at Waterfront."
When - Saturday, November 15 (Door opens at noon, lineup expected earlier)
Where - Waterfront Presentation Centre: 216 Riverfront Avenue SW (map)
Who – Buyers and Anthem Properties Group
**Independent analyst Altus Group is available for comment about the housing market - Matthew Boukall 403 607 0571
Additional Visuals – Buildings under construction and architectural renderings
Media Requests: Renu Bakshi 604 787 1873 or [email protected]
Image with caption: "Waterfront along the Bow River in downtown Calgary will be complete by 2018 (CNW Group/Renu Bakshi)". Image available at: http://photos.newswire.ca/images/download/20141114_C4005_PHOTO_EN_8041.jpg
Image with caption: "Waterfront by Anthem Properties Group is a collection of 10 buildings along the Bow River in downtown Calgary (CNW Group/Renu Bakshi)". Image available at: http://photos.newswire.ca/images/download/20141114_C4005_PHOTO_EN_8042.jpg
Image with caption: "Sales at Waterfront by Anthem Properties Group demonstrates the immense demand for condos in downtown Calgary (CNW Group/Renu Bakshi)". Image available at: http://photos.newswire.ca/images/download/20141114_C4005_PHOTO_EN_8043.jpg
SOURCE: Renu Bakshi Communications Inc.
For further information: Media Requests: Renu Bakshi 604 787 1873 or [email protected]