Qualex-Landmark™ says it has sold $40 million of condos at its new PARK POINT development, only four months following its public launch. The newest addition to Qualex-Landmark™ group’s portfolio in the Calgary Beltline community is a uniquely designed, 34-storey, mixed-use residential tower with 289 homes.
“In just over four months, we sold more than a third of the tower, which is a fantastic achievement considering the downturn in the local economy this year,” says Mohammed Esfahani, president of Qualex-Landmark™. “We are confident that well-located sites, thoughtfully planned homes in established amenity-rich communities are going to continue to attract homebuyers, due to the increasing popularity of carefree urban living.”
“The housing market is showing some signs of stability right now,” says CREB® chief economist Ann-Marie Lurie. According to the Calgary Regional Housing Market Statistics report released by CREB on July 2, 2015, sales in June 2015 were consistent with typical levels. Despite an 18 per cent decline in home sales from June 2014, sales remain only five per cent below the 10 year average for June and three per cent above levels over the past five years.
“We have strong faith in the Calgary real estate market and have a long-term vision for our future in the city. We have no intention of slowing down. Sales have been steady since our launch and we expect that to continue,” says Esfahani.
By Pepper Rodriguez for Condo Living
Published: August 27th 2015