Alberta buyers shouldn't expect the same rock bottom prices on foreclosed homes in this province as advertised on U.S.-based television channels and websites, says the head of the province's real estate agent association.
Ads promising deals are hard to avoid, especially in Calgary where low prices on foreclosed properties in Arizona are advertised on local radio stations.
But Alberta Real Estate Association spokesman Bill Fowler is warning buyers that the situation in Canada is different.
"We see a lot of these late-night talk shows — 'Buy foreclosed property $300 down.' Well [it's] not happening in Alberta quite frankly," he said.
