am confident I will make this investment work. I have three options: I can live in it; rent it to any of the young professionals downtown who want convenience, class and to live within walking distance to work; or I can sell it if it appreciates in value.” Since the construction will take 18 months or more, he will have time to save even more money as a down payment. “I have an economics degree, so we’ll see if it pays off,” he says. “I am confident NEXT will appreciate over the next two years with both inflation and the anticipated five-to-seven per cent increase in Calgary’s housing market. If I gain 20 to 30 per cent off the investment, that’s great. If I break even, at least I tried. “I truly believe real estate is relatively risk free — unless you’re entering a recession. I’m confident we’re past those hard times for now.” He hopes to put 25 per cent of the condo price as a down payment. “The great part about buying two years out is that I have 48 months to come up with a larger down payment.” WHERE HE BOUGHT: NEXT in Bridgeland. DEVELOPER: Bucci Developments Ltd. POSSESSION DATE: About January 2013.
The open design of the show suite in NEXT by Bucci Developments includes the living room and kitchen.