Monthly Archives: May 2011

Chinese Oil Firm Buys Downtown Condos

Chinese investment in Alberta’s oilsands is bringing an unexpected boost to  Calgary’s downtown condo market. An unnamed Chinese oil company has bought 12 units in the Riverfront Pointe  project on 3rd Street S.E., ranging from one-bedroom units at about $265,000 to  two penthouse suites priced around $800,000 each. “I understood that (the Chinese company’s) projects […]

CREB April Report

  I’ve just posted CREB’s April Report on the current Real Estate Market. The summary graph is on page 10 of the report.