Sellers offer trips, freebies as Calgary condos sit empty 'We aren’t even half-way through this because of the fact that they haven’t quit building yet' Posted: May 05, 2017 10:42 AM MT Last Updated: May 05, 2017 10:47 AM MT Calgary sellers are offering incentives like free travel and condo frees as there are nearly 1,650 apartments and condos for sale right now, with only 286 sold last month. (CBC) Airbnb, similar rentals may draw smokers as hotels butt out Sellers are offering a trip to New York City or pre-paid condo fees in a bid to get noticed among the glut of condos for sale in Calgary. There are nearly 1,650 apartments and condos for sale right now, with only 286 sold last month. Yet the average price is holding steady at just over $300,000 and more units are under construction. "The builders are still enthusiastic but it is surprising because there is a huge inventory of unsold units," said Hilliard MacBeth, the Edmonton-based author of When the Bubble Bursts: Surviving the Canadian Real Estate Crash. "And that's why we are seeing these amazing incentives to try and get buyers to take action." Some desperate Calgary condo owners are trying to attract buyers with big incentives. One seller in Marda Loop is offering a week-long trip for two to New York City and a developer in Auburn Bay is offering a year of free condo fees, cable and internet . In Sage Hill, a buyer can get a $1,800 travel voucher , upgraded appliances or six months of prepaid condo fees. Senior real estate analyst Don Campbell of the Real Estate Investment Network says more sellers will start offering incentives to move their units.
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