Calgary real estate prospects

[CompletelyNumb]

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Wait, so you want me to live in the back of a 2+2 fourplex, for ONE POINT TWO million?

Get fucked.

https://www.realtor.ca/real-estate/2...=neighbourhood

Welcome to the future of Calgary.

[killramos]

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Wait, so you want me to live in the back of a 2+2 fourplex, for ONE POINT TWO million?

Get fucked.

https://www.realtor.ca/real-estate/2...=neighbourhood

“tHeY wOnT aCtUaLly PuT tHaT mAnY uNiTs On OnE lOt DoNt FeArMoNgEr”

- blanket upzoning advocates

But hey that’s the price you have to pay to live in PRESTIGIOUS HILLHURST

[bjstare]

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Wait, so you want me to live in the back of a 2+2 fourplex, for ONE POINT TWO million?

Get fucked.

https://www.realtor.ca/real-estate/2...=neighbourhood

Haha that’s wild.

[finboy]

Fuuuuck this city

[vengie]

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Wait, so you want me to live in the back of a 2+2 fourplex, for ONE POINT TWO million?

Get fucked.

https://www.realtor.ca/real-estate/2...=neighbourhood

I lol'd, then cried.

[Power_Of_Rotary]

I wonder how many of you regret your comments in this thread 2 years ago lol

[ExtraSlow]

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Always a good time to buy.

Posted March 2021. I stand by the statement.

[killramos]

Best Asset Class lol

[mr2mike]

Only RE video channel worth it on youtubez

[vengie]

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Only RE video channel worth it on youtubez

TIL ES has a real estate channel

[ExtraSlow]

That's my only "sfw" channel.

[CompletelyNumb]

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Only RE video channel worth it on youtubez

Very much only applicable to Ontario and GTA re: all his "the crash is coming" videos.

But it is nice to see a realtor be honest about investor ruining the entire country and builders building home for investors and not people.

[mr2mike]

This is true. Ontario is very different from Prairie Provinces. But does give a nice outlook of how the country is fooked.

[pheoxs]

New changes to housing in Canada for the upcoming budget were announced. Here's a summary, copied from Reddit though so not entirely sure if accurate:

• Banning corporate ownership of SFH’s
• Allowing developers of purpose built rentals to write off 10% of capital costs
• Removal of GST on construction
• Lease (not sell) public land for housing
• Offering low cost loans for homeowners to build additional suites
• Low cost loans for prefabricated homes
• Simplifying the building code to reduce red tape
• Encouraging people to enter the skilled trades
• “extend” the ban on foreign buyers till 2027
• Creating a new tool with the CRA and mortgage industry to verify income to combat mortgage fraud where people qualify for higher mortgages than they should (shout out to the Brampton mortgage lmao)
• Removing tax deductions for short term rentals
• 903M for the Greener Homes retrofitting program that will bring down the cost of heating a home

Links:
Canada’s Housing Plan | Prime Minister of Canada (pm.gc.ca)

Infrastructure Canada - Solving the Housing Crisis: Canada’s Housing Plan

[killramos]

I for one look forward to the federal government replacing my windows and giving me an interest free loan and grants to built a new “suited” garage.

[suntan]

Creating a new tool with the CRA and mortgage industry to verify income to combat mortgage fraud where people qualify for higher mortgages than they should (shout out to the Brampton mortgage lmao)

lol good luck.

[ExtraSlow]

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I for one look forward to the federal government replacing my windows and giving me an interest free loan and grants to built a new “suited” garage.

Yeah, maybe they'll buy my heat pump, lollerz.

[88CRX]

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New changes to housing in Canada for the upcoming budget were announced. Here's a summary, copied from Reddit though so not entirely sure if accurate:

Links:
Canada’s Housing Plan | Prime Minister of Canada (pm.gc.ca)

Infrastructure Canada - Solving the Housing Crisis: Canada’s Housing Plan

And all the local AHJ's will still red tape everything to stall development. I'd argue that nearly every developer would say this is the #1 reason why construction take so long and costs so much.

And #2 would be finding enough subtrades/workers... but I guess they can just keep immigration high to bring more worker in.... oh wait...

[suntan]

Took like five years for that crane to show up in that pit in Eau Claire.

[killramos]

We only import Uber drivers. Not people who are interested in providing useful trades.