(Source: CBC News)

Calgarians bought 38 of 40 unsold condominiums in B.C.’s Columbia Valley at an American-style auction in Calgary Saturday.

Developers are calling the real estate auction, for properties in southeastern B.C. near the Alberta border, a Canadian first.

Developers held the auction in Calgary since it is mostly Albertans who have vacations homes at Lake Windermere in Invermere, B.C.

Read the full article “Calgarians scoop B.C. condos at auction” in the CBC News (October 4, 2009).

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