Calgary real estate prospects

[msommers]

Our inventory is still way too low to make a marked drop in pricing. Lots of ON regards still pouring in

[suntan]

Creeps and bums.

[mr2mike]

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If the gov't succeeds in causing a mass decline in housing prices, which is their stated goal, this is all going to get hilarious.

Canadians are going to get squeezed hard.
Especially if US drops interest rates which it's appearing they'll begin. Canada to follow? Ha that's going to rip the roof off.

[CompletelyNumb]

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i like this house but maybe i will wait for the imminent crash in 1-2-3 years

Thoughts and prayers

[89coupe]

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i like this house but maybe i will wait for the imminent crash in 1-2-3 years
https://www.realtor.ca/real-estate/2...escent-heights

You are smoking something special if you think the real estate market will collapse anytime soon. How about never.

[brucebanner]

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You are smoking something special if you think the real estate market will collapse anytime soon. How about never.

Always a good time to buy, always a good time to sell.

Amirite?

[max_boost]

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You are smoking something special if you think the real estate market will collapse anytime soon. How about never.

you also predicted 3500 spy lol

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Canadians are going to get squeezed hard.
Especially if US drops interest rates which it's appearing they'll begin. Canada to follow? Ha that's going to rip the roof off.

don't think rates going down tho, they called for several rate cuts but doesn't look like any is gonna happen ....

[ercchry]

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you also predicted 3500 spy lol

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don't think rates going down tho, they called for several rate cuts but doesn't look like any is gonna happen ....

5yr bond almost hit 4% again yesterday

[max_boost]

Ah yes I forgot
I usually just heloc and no mortgage
Living life high on interest only

[Buster]

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You are smoking something special if you think the real estate market will collapse anytime soon. How about never.

Do you think housing will be unaffordable for younger generations forever?

[bjstare]

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You are smoking something special if you think the real estate market will collapse anytime soon. How about never.

You think there’s zero chance… like actually literally zero chance, that we’ll see another real estate crash forever? Like never again?

You know there’s been two in the last 100 years right? Just because the cycle is longer than your career as a realtor doesn’t mean it’s no longer cyclical.

[max_boost]

I want what coupe is smoking lol

[89coupe]

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Do you think housing will be unaffordable for younger generations forever?

I don’t feel home prices will drop significantly anytime soon, if ever.

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You think there’s zero chance… like actually literally zero chance, that we’ll see another real estate crash forever? Like never again?

You know there’s been two in the last 100 years right? Just because the cycle is longer than your career as a realtor doesn’t mean it’s no longer cyclical.

What is your idea of a crash? What percentage?

[bjstare]

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What is your idea of a crash? What percentage?

A material amount. Say somewhere between the 2008-10 recession and the depression in the 1930s.

[89coupe]

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A material amount. Say somewhere between the 2008-10 recession and the depression in the 1930s.

You keep saying recession but what data do you have showing home prices dropping significantly in Calgary at any of these years you are mentioning?

[max_boost]

After 06, things slid anywhere from 10-20% from peak and was stagnant for a good 15 years before this current wave. But who knows what the catalyst will be this go around. Average home values are now 700k vs 500k before. 2% inflation over 15 years it’s about right , right lol

[bjstare]

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You keep saying recession but what data do you have showing home prices dropping significantly in Calgary at any of these years you are mentioning?

I never said anything about Calgary. Regardless, I feel like you’re the guy that has that information. A random google will tell you that things dropped between 5-10% per year in Canada and the USA in that period.

[89coupe]

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I never said anything about Calgary. Regardless, I feel like you’re the guy that has that information. A random google will tell you that things dropped between 5-10% per year in Canada and the USA in that period.

That’s all I was trying to do, get a percentage from you. I’ve looked at the data and yes, prices pulled back slightly but not enough to make a massive impact.

Cost of labour, materials, land, all will continue to rise. Even if we had a 20% drop in home prices, it wouldn’t help the younger generation really.

A recession would help with interest rates but what happens after a recession, if history repeats itself.

[max_boost]

Weren’t there a lot of crappy homes built during the 07 rush? I wonder how those are holding up now.
Same thing today, a rush to build things, is quality gonna be good?
The custom market will always be good tho as they got all the good trades.
Also coupe I think 20% on 700k would help lol but if overall economic environment sucks then maybe not idk

[89coupe]

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Weren’t there a lot of crappy homes built during the 07 rush? I wonder how those are holding up now.
Same thing today, a rush to build things, is quality gonna be good?
The custom market will always be good tho as they got all the good trades.
Also coupe I think 20% on 700k would help lol but if overall economic environment sucks then maybe not idk

I think we would need 2% interest rates again but I’m not sure that is going to happen anytime soon.

I would say 95% of new homes are built below average. Highly recommend a good home inspector if buying pre existing or building. I’m terrified of all the new infills and renovated homes that are hitting the market.

If you want to be entertained, follow Nook & Cranny homes on Tik Tok

Marty is hilarious.

Thankfully for my kids we will be able to give them real estate, the younger generations need that edge to get ahead now.