Owners of condos in Castledowns Pointe, which was condemned months after a fire in 2023, are now contending with a flood that threatens to derail efforts to sell the structurally-flawed building.

“Edmonton is probably the cheapest part of the national condo market,” says Kristal Smith, realtor with eXp Realty in the city. “Prices just haven’t gone up that much, and they’re not ...