Calgary real estate prospects

[suntan]

If you're break even might as well enjoy single meat subs.

[dubhead]

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If you're break even might as well enjoy single meat subs.

One can hope, looking like veggie subs for a bit....

[Power_Of_Rotary]

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One can hope, looking like veggie subs for a bit....

Taking a 10k loss is nothing in my views. By comparison to those who bought during 2021/22 peak, consider yourself lucky. I know people who overbid on houses with variable mortgages. They are probably looking at -100k on property value with much higher monthly mortgage payments that translates to 300k-400k total interest paid over 25 years.

[you&me]

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Taking a 10k loss is nothing in my views. By comparison to those who bought during 2021/22 peak, consider yourself lucky. I know people who overbid on houses with variable mortgages. They are probably looking at -100k on property value with much higher monthly mortgage payments that translates to 300k-400k total interest paid over 25 years.

"Overbid" and "2021/22 Peak"?

So you start this thread basically two years ago, to beat the drum constantly about an impending housing "boom" that when supposedly materialized, ended up as more of a limp dick wimper, where most properties still haven't recovered to the values from a decade ago, and that was it... That's your boom and it's "peaked"?

What's next? You're going to tell us all about the boom in BTC? (today, for now, up 9%... No, no, don't look at the last week. No, not the last month, or 6 months or year either... Look, right now, right this second... BOOOOOM! Look, quick, before it's over) Fucking Moran

[Power_Of_Rotary]

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"Overbid" and "2021/22 Peak"?

So you start this thread basically two years ago, to beat the drum constantly about an impending housing "boom" that when supposedly materialized, ended up as more of a limp dick wimper, where most properties still haven't recovered to the values from a decade ago, and that was it... That's your boom and it's "peaked"?

What's next? You're going to tell us all about the boom in BTC? (today, for now, up 9%... No, no, don't look at the last week. No, not the last month, or 6 months or year either... Look, right now, right this second... BOOOOOM! Look, quick, before it's over) Fucking Moran

the market was hawt. I stand by that and precisely why I couldnt justify buying then. I wouldnt recommend buying now with the interest rates.

Houses in Calgary are still relatively high and I dont think theres any significant losses from the recent peak. My comparison is from friends who bought condos in Toronto.

[killramos]

Timing the Market - Best Asset Class edition

[JohnnyHockey13]

Am I crazy or a lot of ads for houses in the $500,000 range empty already? That's not a good thing is it?

[Tik-Tok]

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Am I crazy or a lot of ads for houses in the $500,000 range empty already? That's not a good thing is it?

All those Toronto buyers who realized they'll never get $4000 a month for rent.

[ExtraSlow]

I thought Torononto Buyers were all going to live here and work Ontario Jobs remotely? Wasn't that the plan? If they pull it off, it's a great deal, because who would want to live in toronto if you can' only afford a $500,000 house?

[killramos]

You mean “tech” jobs?

I have some bad news for you on that one

[bjstare]

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Am I crazy or a lot of ads for houses in the $500,000 range empty already? That's not a good thing is it?

I'm no realtor, but idk if that's all that meaningful. Sellers that get transferred for work, or sellers that are upgrading that choose to carry both houses during transition are two reasons for a house to be listed empty but don't necessarily mean a fire sale.

[Tik-Tok]

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I thought Torononto Buyers were all going to live here and work Ontario Jobs remotely? Wasn't that the plan? If they pull it off, it's a great deal, because who would want to live in toronto if you can' only afford a $500,000 house?

I'm sure a few of them did but assuming most of them were buying into the "Calgary prices will be like Toronto prices in 2 years!" scam. Then found out no one wanted their NE house for ridiculous rental prices, and interest rates are skyrocketing.

[ExtraSlow]

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You mean “tech” jobs?

I have some bad news for you on that one

I don't know what kind of jobs people in Toronto have. Does Ontario even have an economy?

[Twin_Cam_Turbo]

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I don't know what kind of jobs people in Toronto have. Does Ontario even have an economy?

I thought real estate was their economy?

[Xtrema]

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I thought real estate was their economy?

Car export too.

https://6ix.buzz/the-lexus-rx-is-the...e-than-others/

[Xtrema]

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Am I crazy or a lot of ads for houses in the $500,000 range empty already? That's not a good thing is it?

I thought you moved out to GVA? Still kept your old house?


This is how fuck we are with Vancouver and Toronto.

[riander5]

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I thought you moved out to GVA? Still kept your old house?


This is how fuck we are with Vancouver and Toronto.

Seeing this just makes me believe Calgary ain't coming down any time soon. If / When these numbnuts have to clear out of their over priced Toronto / Van houses.... some of them will come here.

Oh yea and we are bringing like 3 trillion immigrants a year in. Something like that.

[Xtrema]

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Seeing this just makes me believe Calgary ain't coming down any time soon. If / When these numbnuts have to clear out of their over priced Toronto / Van houses.... some of them will come here.

Oh yea and we are bringing like 3 trillion immigrants a year in. Something like that.

In theory, most of those migration out of GTA is already done if you look at Halifax housing prices:

https://canadaimmigrants.com/average...ce-in-halifax/

Even after a 10% retreat, average price is still 2x of 5 years ago.

To have the same house price as Calgary but 1/2 the GDP makes 0 sense. Calgary will continue to be the value play.

[msommers]

Munich real estate is nuts. Bavaria has a lot of old money

[JohnnyHockey13]

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I thought you moved out to GVA? Still kept your old house?


This is how fuck we are with Vancouver and Toronto.

We did, but looking to move back mid 2023 as we've lost hope of Vancouver prices ever dropping enough, so just started following the Calgary housing market again... hoping some of you older and wiser Beyonders are right.