And it will complete, Esfahani said, even in a city where panicked condo developers have slammed on the brakes.

Frank O'Brien, Western Investor

dHz Media Media Coverage, Park Point in the news

Coverage_ParkPoint_ WesternInvestor_052016-page-002

The Western Investor reports on the selling success of PARK POINT.

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Front Page: Bold bulls brave Calgary’s wounded real estate market

calgary’s condominium sector has taken the hardest hit in a housing market gutted by the plunge in oil prices. Condo sales in the city are down 17 per cent through the first quarter of this year compared with a year ago and average prices have plunged 12 per cent from the 2014 peak to around $290,000. Meanwhile, nearly a fifth of Calgary’s downtown office towers have gone dark, condo starts have fallen 60 per cent and residential foreclosures have soared.

Total commercial real estate investments in the city plunged $1.1 billion from 2014 to 2015, according to research by Barclay Street Real Estate, which tallied total dollar volume last year at $1.5 billion.

Read the full article online at westerninvestor.com

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