Tag Archives: condo

Emerald Sky stormy as project is delayed

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The Emerald Sky condo project in Kincora has been put on hold, affecting more than 250 families and the developer is blaming city planners.

In a letter sent to buyers obtained by the Sun, Randy Klapstein, CEO of the Carlisle Group, wrote: “It became apparent very early in our meetings with the Planning Department that they were going to insist on exercising a great deal of discretionary control over the development of this site. During our discussions they presented a number of ideas that they had and instead of debating at length over these issues, we simply conceded to many of them, rather than suffer additional delays.”

Read more: http://tinyurl.com/8h4qrhz  

Local condo prices sink

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Royal LePage’s third quarter House Pricing Survey results are in, and while Fort McMurray saw a slight increase in the price of two-storey homes, condo prices evened the playing field by taking a sizable dip.

Year-over-year results show average two-storey home prices have increased by 1.4% to $730,000, detached bungalow prices have decreased by 1.8% to $625,000, and standard condominium prices plummeted 7.9% to $350,000.

Read more: http://tinyurl.com/8j28h9m