Calgary real estate prospects

[mr2mike]

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I'll wait for the Calgary Herald and Sun ads... ahem... articles on the health of the city's Real Estate.

And like clockwork, here's the latest CREB pump piece. Calgary is just surging in more than just covid cases.

https://calgaryherald.com/life/homes...e-family-sales

[ExtraSlow]

Probably more to do with interest rates than Cerb, but it's all related.

[bjstare]

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And like clockwork, here's the latest CREB pump piece. Calgary is just surging in more than just covid cases.

https://calgaryherald.com/life/homes...e-family-sales

As much of a joke as creb is, I hope they’re right. I’m looking to sell a house under $600k and buy one over $600k

[ExtraSlow]

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As much of a joke as creb is, I hope they’re right. I’m looking to sell a house under $600k and buy one over $600k

By fluke I was doing the "move up" during the 2009 financial crisis. Was awesome timing. Probably helped me out by more than $100k compared to a more balanced market.

[RX_EVOLV]

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Price been steadily lowering on this one. At $809K now.

Still following this. at $778K now (https://www.realtor.ca/real-estate/2...ry-collingwood ) if anyone is curious.

[killramos]

Buddy of mine just crystallized a loss on a home he built for $4MM in 2012, sold for $2MM on the weekend.

Scary stuff. One hell of a pad for $2MM but after the wife ran off when the gravy train ended he had no use for a house that big.

[max_boost]

Ouch

[ExtraSlow]

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Buddy of mine just crystallized a loss on a home he built for $4MM in 2012, sold for $2MM on the weekend.

Scary stuff. One hell of a pad for $2MM but after the wife ran off when the gravy train ended he had no use for a house that big.

That's a common story. Building your dream house is the marriage equivalent of an oil company putting it's name on the office building.

My bro is living in a place that was built by a couple as thier dream house. Don't know what they spent, but it was wildly above whatever my bro paid after they divorced.

[max_boost]

the things we do when in love

[Masked Bandit]

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Still following this. at $778K now (https://www.realtor.ca/real-estate/2...ry-collingwood ) if anyone is curious.

$778,888...looks like the right time to buy with a price like that!

Seriously, who falls for that shit?

[ExtraSlow]

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Still following this. at $778K now (https://www.realtor.ca/real-estate/2...ry-collingwood ) if anyone is curious.

Nice place. you should buy it.

[RX_EVOLV]

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$778,888...looks like the right time to buy with a price like that!

Seriously, who falls for that shit?

Funny it was $780,000 even maybe a few days ago. I guess they think this is better luck? attract the chinese buyer? lol

[Type_S1]

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$778,888...looks like the right time to buy with a price like that!

Seriously, who falls for that shit?

“Inner” city real estate in Calgary is ridiculous still. $500-$600k for a barely livable teardown north of 16th ave NE is ridiculous. I think COVID actually helped to insulate the Calgary real estate crash by the government handing out free money everywhere and forcing mortgage companies to work with homeowners.

[killramos]

Ok now I’m confused. What’s so wrong with that home?

Doesn’t seem THAT terribly out of line price wise and certainly far from unliveable.

[pheoxs]

Incase anyone is curious. They do seem desperate, 100k drop in 2 months.

[killramos]

3 price drops in a week is certainly an interesting market signal

[pheoxs]

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3 price drops in a week is certainly an interesting market signal

Feels like a realtor that has no idea what they're doing. Even the Halloween week, drop 10k then four days later drop 20k again?

[Xtrema]

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Funny it was $780,000 even maybe a few days ago. I guess they think this is better luck? attract the chinese buyer? lol

1 more 7 and 3 more 8s. Must be 4x better? Oh shit... 4.

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Scary stuff. One hell of a pad for $2MM but after the wife ran off when the gravy train ended he had no use for a house that big.

Youtube algo just fed me this.... seems like you get a lot for $2.3M these days.

[RX_EVOLV]

You get so much house once you leave inner city.

This springbank one has a sweet indoor pool and it's only $1.2M. Granted having a pool is probably an upkeep nightmare but it's just so much house for the price https://www.realtor.ca/real-estate/2...pringbank-hill

[max_boost]

Selling my place in crescent was a mistake. Should have just rented the condo and when things didn’t work out, move back to the house but it is what it is and what exactly is it anyway.