Calgary real estate prospects

[tha_bandit]

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Nobody, that's a seller who is dreaming of 150 oil prices

[Buster]

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Nobody, that's a seller who is dreaming of 150 oil prices

Can't wait to see what it finally sells for when they capitulate.

[msommers]

Wonder if they'd trade for an 01 Celica GTS

[beyond_ban]

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Wonder if they'd trade for an 01 Celica GTS

Only if you let them test drive it.

[mr2mike]

Calgary Herald really pisses me off. Just call it Real Estate advertising and put it at the exit to grocery store FFS.
They're 90% RE pump pieces disguised as some sort of city redo news article. Druh would be proud. I'm sure he's on her donations list.

https://calgaryherald.com/life/homes...is-on-the-rise

[JohnnyHockey13]

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Calgary Herald really pisses me off. Just call it Real Estate advertising and put it at the exit to grocery store FFS.
They're 90% RE pump pieces disguised as some sort of city redo news article. Druh would be proud. I'm sure he's on her donations list.

https://calgaryherald.com/life/homes...is-on-the-rise

Me and my wife were in one of those articles before haha...some people would ask me, well did the builder even pay you for it? Like fuck off, we were just happy to be in the paper and have it as a momento to look back one day. Who cares whether they paid us or not.

[Disoblige]

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Wonder if they'd trade for an 01 Celica GTS

MikeAg LOLOLOL.

Not even sure if it is GTS man. Just regular.

[msommers]

I wonder if there is any hope for the condo market now

[SkiBum5.0]

Is it the closest master-planned ish neighborhood to Quarry Park? Got a couple big offices there. @BuZz killRamos, I remember making all those points you made so understand the drive to be close to the city. I have the exact opposite tastes. I’ll take the commute over neighbours.

[Disoblige]

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I wonder if there is any hope for the condo market now

Where though? Downtown?
I don't see how.

[ExtraSlow]

Condo market in Calgary, aside from a few niche places, will drag for years. Need employment growth to change that, and I think you are looking 5-10 years out for that. Can't see another driver.
If you are cash flow negative, or just breaking even, maybe just sell and buy an ETF with the money.

[suntan]

Apparently this is the first time in decades (maybe ever?) that Calgary's rental market is "balanced". 6% vacancy is considered balanced.

[msommers]

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Where though? Downtown?
I don't see how.

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Condo market in Calgary, aside from a few niche places, will drag for years. Need employment growth to change that, and I think you are looking 5-10 years out for that. Can't see another driver.
If you are cash flow negative, or just breaking even, maybe just sell and buy an ETF with the money.

Just outside downtown. Apparently the unit above me is going up for sale which will be a good indicator for movement and price, mainly how much would I lose on the sale haha

[Buster]

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Condo market in Calgary, aside from a few niche places, will drag for years. Need employment growth to change that, and I think you are looking 5-10 years out for that. Can't see another driver.
If you are cash flow negative, or just breaking even, maybe just sell and buy an ETF with the money.

You're either going to take the hit on cash flow or capital depreciation. No escape!

[Xtrema]

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Condo market in Calgary, aside from a few niche places, will drag for years. Need employment growth to change that, and I think you are looking 5-10 years out for that. Can't see another driver.
If you are cash flow negative, or just breaking even, maybe just sell and buy an ETF with the money.

May be speculation will chase more people out of GTA and GVA into Calgary.

https://toronto.ctvnews.ca/semi-deta...king-1.5362621

[ExtraSlow]

I wouldn't make investment decisions based on that hope. But then again, I wouldn't buy lure investment property anyway.

[jwslam]

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I can never understand why the first photo of any listing isnt the front of the house. It's the same with cars /vent

A realtor friend told me that if the first photo is not the outside, it's against their listing policies (not sure who) and it can be reported...

[jwslam]

Listed my $400-$500k range starter home in a burb community.

24hrs online; 17 showings booked. Looks like I won't make it to the weekend.
The first guy that saw it came in $20k over list but only gave me 4 hours to accept; would've considered it he came in zero conditions

[Disoblige]

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Listed my $400-$500k range starter home in a burb community.

24hrs online; 17 showings booked. Looks like I won't make it to the weekend.
The first guy that saw it came in $20k over list but only gave me 4 hours to accept; would've considered it he came in zero conditions

Any regrets listing it at that price then? Why not list it a bit higher? Or you prefer bidding war? Genuinely curious.

[Tik-Tok]

I wish I could short my house.