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After learning the ins and outs of this sometimes-fickle-business from a lifetime expert and close family friend and now, with almost 14 years experience embedded in the heart of Calgary’s boom and bust real estate market, I can tell you these three things:

  1. There are many lessons to be learned over time and every market is different. Downtown is different from the suburbs, a lake community is different from a non-lake community, an older community is different from a new one, etc.

  2. There are...

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