All Forum Posts by: Ryan F.

 Calgary condos are not terribly great investments either. In fact we just did a presentation on this last night we'll have a video out in about a week. But here are some really interesting numbers...

Ok so this one doesn't look too bad but notice how much more the townhouses and condos dropped in prices over the last downturn.

2007 peak to now isn't so good...

Before the 2007 run up to now is better, but even then, apartment condos performed the worse (so best case scenario, you have the worse performing asset type, worse case scenario you had a terrible return), and that's assuming you had nothing go wrong with the condo (special assessment etc)

But benchmarks don't even tell the whole story, because if you had a specific condo investment, and you tracked it's value overtime, benchmark prices isn't the right approach as it evolves overtime (benchmark price is the price of a typical property generated at each point in time). So what I did is I looked at median prices of 2 bed condos between 800-1200sqft built between 1980-1990, I did this to eliminate new condos being added into the pricing pool, and look at this rollercoaster...

Detached faired a LOT better, less variability in downturns, and much better return (for this chart I did not look at semi-detached, but the trend is closer to detached)