The Globe and Mail reports on the boomer buyers boosting the Calgary Condo market at Park Point.
Developers say the demographic mix in Calgary’s downtown condo market has taken on a greyer tinge as a growing number of baby boomers and empty-nesters move to the core, shrugging off their suburban homes and acreages.
Parham Mahboubi, vice-president of planning and marketing for Qualex-Landmark, says the boomers are “practically minded” when it comes to making the move from a suburban to urban lifestyle.
The Vancouver-based high-rise developer is busy with its sixth Calgary project – Park Point – and is seeing a good proportion of buyers in the over-50 crowd despite the economic downturn.
Read the full article online at theglobeandmail.com.
To learn how dHz Media clients are using public relations to increase sales read: Sold Out! A Case Study on Skaha Hills here.