As far as I know, there is no economical boom in Calgary to give jobs to people. Unemployment keeps going up, Good luck moving to Calgary and getting a job. Calgary is getting into a balanced real estate market. Why not wait to buy at the buyers' market? Also, the number of rentals available skyrocketed in the last 2 months. What does that mean?
Agreed. You have to understand that people who came here from Ontario/BC with a ton of cash and there was limited supply available here.... Local people do not have that kinda cash. And wages are stagnant. I can't see these price levels keeping uo
I think calgary has seen 10 years worth of appreciation in 2 years..... unfortunately as you mentioned Ontario/BC buyers who came here with a ton of cash/equity raised prices....local albertans do not have that kinda cash neither do international immigrants....the question is; are these prices even sustainable with stagant wages? And low job availability?
Thanks 🙏🏼 I’ve put a ton of work into it to make it the best it can be to deliver the best content. When you’re ready, let’s chat here more to get you connected to the best agent www.chamberlaingroup.ca/contact/ thanks for the comment and watching!
We are looking at buying sometime between October and January out of necessity sadly because our landlord has been trying to sell and we would live to purchase it but she expects she can get top price even though there is excessive work that needs to be done in it and we can buy something that needs zero work for the same price in that same complex. We are looking at 2 bedroom townhouse max $425,000 range. But we are picky on staying only in deep SE. How do you predict our experience will go? Worried there wont be much on the market and bidding wars.
Thanks for your comment and sharing. Historically, during recessions home values have risen and fallen. They don’t always just go down. This time will be different as we haven’t seen these exact variables before.
I will buy when the rate is low and the price has been corrected after so much increase . Buy when others are fearful. Remember Ppl came out ahead when they buy in 2019/early 2020 when covid just started.
@@stephenn88 then do that. Prices probably won’t drop as much as you’re hoping. They will drop here, but not fall like crazy. Hope the lower rate is worth the wait.
There are a lot of jobs out there but no all new comers are qualified. You cannot even find good trade ppl in construction. O&G Companies are offering sign on bonus/referral bonus.
we have never seen the market for a primitive human need (shelter) go completely elastic. With transparency and common software every single company, investor, homebuyer can see where homes were sold and at what price. When you can full visibility into the market and then you saturate the market with people who just need to satisfy their primal need to have a place to live and you create an environment where the cheapest home is sold - the market just keeps going up. We imported slaves for houses. And as a young Canadian it is difficult to get started in this world.
You are a little too optimistic. The slowdown is going to last for longer than you think. Prices won't keep going up when there are no jobs to sustain it.
Thanks for the comment... I don't recall me saying how long the 'slowdown' would last in this video... because truth be told, neither you or I really know what will happen... agree?
No, “a lot of people came” because of *COVID lockdowns & mandates,* which were relatively _insanely cruel especially in BC & Ontario._ COVID lockdowns pushing remote work, like never before, made people realize where they could live. COVID is the root cause for the recent unprecedented migration, not “affordability”.
Thanks for sharing. It was the lockdown that made people realize there were other and more affordable options. These things are hand in hand and aren’t isolated.
Amazing how realtors just trying to pump up the market again! Calgary real estate was a FOMO which is thankfully gone. And again, never forget those dark days between 2015-2019 many people ran away, and it could well happen again.
Pessimistic people are generally driven by envious poisonous energy that just spreads negativity willingly and unwillingly. Like their opinion matters anyways😂
We have sky rocketing unemployment in Alberta, Calgary and nationally. We also have government policies cracking down on immigration. We also have investors getting smoked in Toronto and Vancouver. Now is the time to sell before it crashes not buy.
Prices go down every single time at the end of summer. There will be more and more people moving each year for the next little while. Canada is on pace for a record number of immigrants arriving, as well as a record number of PRs processed since they just shifted more TFWs to PR. Lots of remote workers still moving here from other provinces.
You are basing your observations over the past few months, that has no determination of the future. Toronto is not the only market that has seen softening, its notation wide. Calgary is just a laggard to the rest of Canada.
@@digimat77 you’re correct, however my observations are not from the past number of months. And for the last year, I have heard from others and said that calgary will lag other cities and as they are nearing a bottom Calgary will be starting its decline. There are many factors for Calgarys market specifically that are different than other cities. That you have to agree is true if you follow the calgary market closely.
I think now is a flat market until next year. We may go into a small recession in 2025. Recovery in 2026 and prices higher than today. Read this comment in 2 years lol 😂
Do you really care the price in one or two years? Real estate is a long term investment and a roof for you and your family. stop looking at short term. Buy and hold for long term
