Hey guys. I'm a total noob when it comes to Downtown Calgary. Trying to see what's what when it comes to downtown, but I'm having a hard time looking stuff up. Basically I need a quick run down on a few things:
1) Are there new LRT lines being built in the city? Or just station upgrades? What's the name of the new line?
2) What are the different areas of Downtown? For example in Vancouver you have Coal Harbour, Yaletown etc... I'm trying to figure out where downtown Calgary begins and where it ends. I'm assuming East Village is one end of downtown
3) According to Google Maps, it takes over half an hour to get to U of C from downtown Calgary with the LRT. But with a bicycle the trip only take 20 something minutes!!!!!! Why?
EDIT: never mind. I don't know where I saw 20 something minutes. They're both 31-33 minutes.

4) Is it correct to assume that Calgary is in a buyer's market right now? Let's take a condo listed at 300k in Downtown Calgary. How much can a buyer realistically knock off the list price today? I know this is an odd question, but coming from Vancouver I have a hard time imagining what a buyer's market looks like.