Calgary real estate prospects

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Originally Posted by Twin_Cam_Turbo

Jfc who wants to pay $630k to live out there?

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Someone very unfamiliar with Calgary, I'm sure.

There are these stacked homes in our very lively downtown district that I hope become super popular for those out east.

I had to look that (Skyview) up.
WtFBBQ?!??¡!

Found the lastest person who will be complaining about the airport being loud in 3 months.

Seriously. That house better be built out of strippers and cocaine to spend that much to live there.

Classic Ontario purchase.

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Originally Posted by killramos

That house better be built out of strippers and cocaine to spend that much to live there.

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Quote of the day.

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Originally Posted by killramos

Found the lastest person who will be complaining about the airport being loud in 3 months.

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Just wait until they realize the big hailstorm wasn't an uncommon occurence there.

This is one big bubble they're building for us.

I could use 3 more months of bubble

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Wait, wrong thread.
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Originally Posted by ExtraSlow

Attachment 104154
Wait, wrong thread.
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Or is it?

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Attachment 104155

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Originally Posted by Rocket1k78

You'd think the TH would be getting some of this action since the starter singles are going for crack money

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Affordability will have be decimated before the trickle down will happen. A lot of people still don't like any sort of management fees.

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Originally Posted by ThePenIsMightier

I had to look that (Skyview) up.
WtFBBQ?!??¡!

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It's 5min to airport, T&T and 10min to Downtown, super convenient!

Asian buyers:
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So the hotness is that a lot of reports are betting an AB rebound with oil prices and diversification kinda bearing fruits. With shortage of material and supply, people want to get on the board before they are priced out.

Looked up listings in the far NE for the first time after reading this. 500k duplexes, 600k laned, and 700k for attached double garages.

The NE Stoners are the next SW Aspenites.

This inflow of Ontario money is essentially the same thing has lotto winnings… they lucked into it and are looking for something bigger and better than the multi-res/1100sqft bungalow they currently live in. No spectacular earning potential either so they have to move to get it

Are these actual people buying? or are ibuyers finally taking hold in Canada?

Anyone know what jobs all these Ontario people are filling? "Tech" is so generic

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Originally Posted by msommers

Anyone know what jobs all these Ontario people are filling? "Tech" is so generic

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Most of them have an occupation of: Child of wealth

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Originally Posted by msommers

Anyone know what jobs all these Ontario people are filling? "Tech" is so generic

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Jobs?! Lotto winners dont need jobs!

Pay back the original $300k mtg on the house they bought for $325k 10yrs ago, $600k for a house here… still $300k cash you try their hand at influencer, day trader, or whatever the latest crazy is these days :rofl:

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Originally Posted by killramos

I could use 3 more months of bubble

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It will be interesting to see what happens come spring. I was going to say this cant continue but who knows anymore. Ive been battling with waiting another month or 2 but im cashing out this weekend hopefully, listing should be up by tonight.

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Originally Posted by msommers

Anyone know what jobs all these Ontario people are filling? "Tech" is so generic

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It's just a flip or a retirement move. Friend of mine sold his Calgary McMansion for $750k and got the a place for the same price at edge of Oakville. Fast forward 8 years, his joint in Oakville is now fetching $1.5-$1.8M and his old house here or similar is going for around $900K. He can easily cash out $900K and move back to Calgary. It's not a lot but as human capital wanes as you age, that's not insignificant amount to add to the retirement pool.

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Originally Posted by ercchry

This inflow of Ontario money is essentially the same thing has lotto winnings… they lucked into it and are looking for something bigger and better than the multi-res/1100sqft bungalow they currently live in. No spectacular earning potential either so they have to move to get it

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Back in 2007, the average home price in Toronto was ~$525... Calgary was ~$580.

Today, the average Toronto home owner has seen their home triple in value... The average Calgary owner has - if they're lucky - broken even.

So the average Torontonian has amassed a million dollars in equity... And there's potentially millions... This could amuont to trillions of dollars! :eek:

Anecdotally, it seems like a lot of Ontario buyers aren't moving here, but buying because the market seems too cheap to ignore and they can use just part of their equity to buy up these seemingly cheap houses, in cash.

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Originally Posted by you&me

Back in 2007, the average home price in Toronto was ~$525... Calgary was ~$580.

Today, the average Toronto home owner has seen their home triple in value... The average Calgary owner has - if they're lucky - broken even.

So the average Torontonian has amassed a million dollars in equity... And there's potentially millions... This could amuont to trillions of dollars! :eek:

Anecdotally, it seems like a lot of Ontario buyers aren't moving here, but buying because the market seems too cheap to ignore and they can use just part of their equity to buy up these seemingly cheap houses, in cash.

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Domestic consumption doesn't cause bubbles, didn't you know?

It's all the evil CHINESE MONEY.

Also, at the risk of sounding pedantic, I would say that the average Torontonian's house has tripled in price, but not in value.