Opportunists are laying in wait for the real estate market in Edmonton to heat up. There's a cycle of highs and lows, and we're due to start rising again. People looking to make a quick buck are attracted to a heated market and are waiting for the temperature to start rising again for Edmonton real estate.
Regular folks can also get caught up in a frenzy sometimes, as their home values rise and suddenly there's more equity in their home that they can invest in more real estate in an attempt to gain some ground.
Here's the Scenario
With so many new condominium developments around Edmonton in the pre-selling phase, it's tempting to buy more than one unit, put a 10% deposit down on each of them, and then sell when the project is completed. So,…