Calgary real estate prospects

[mr2mike]

Great diy project flip for anyone who watches HGTV in the background.

[suntan]

Group beyond reno?

[mr2mike]

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Group beyond reno?

How many Sr project management PMP VP's can be on site?
I'm in, just need a no interest IOU loan from 89coupe, payable in my name upon death.

[SJW]

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Group beyond reno?

Imagine how well that would go.

[2Legit2Quit]

We can make it a Flames themed house - "The house that the Flames built"

[haggis88]

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We can make it a Flames themed house - "The house that the Flames built"

So it would be built from taxpayers money with as little input from the owners as possible?

[msommers]

So hawt right now

Almost one third of Canadian homeowners now have mortgage periods of more than 30 years
The standard 25-year amortization period is fading as lenders deal with stressed homeowners, putting banks at ‘greater risk of loss,’ says banking regulator.

https://www.thestar.com/business/202...-30-years.html

[mr2mike]

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So hawt right now



https://www.thestar.com/business/202...-30-years.html

With some getting 40 yrs under special circumstances. Wow!

Usually when interest rates go up, the price of houses drops. Anyone know a chart showing how this is not the case?
Maybe some older beyonders can comment compared to the 80s and 90s housing?

[Buster]

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With some getting 40 yrs under special circumstances. Wow!

Usually when interest rates go up, the price of houses drops. Anyone know a chart showing how this is not the case?
Maybe some older beyonders can comment compared to the 80s and 90s housing?

The future does not always repeat the past.

[pheoxs]

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With some getting 40 yrs under special circumstances. Wow!

Usually when interest rates go up, the price of houses drops. Anyone know a chart showing how this is not the case?
Maybe some older beyonders can comment compared to the 80s and 90s housing?

A) Canada's population increased over 1 million in the past year, those people need places to live
B) Lots of Canadians have been priced out of Toronto and Vancouver. When they can sell their 1bed condo and buy a house out here mortgage free it's a no brainer. Prices have fallen in those cities since last year but they've risen in Calgary. It's just another population shift

[2Legit2Quit]

Welcome to Canada, here's your 40 year mortgage and 10 year car loan, enjoy!

[ThePenIsMightier]

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A) Canada's population increased over 1 million in the past year, those people need places to live
B) Lots of Canadians have been priced out of Toronto and Vancouver. When they can sell their 1bed condo and buy a house out here mortgage free it's a no brainer. Prices have fallen in those cities since last year but they've risen in Calgary. It's just another population shift

Still a shortage of Cactus Club restaurants, though.

[pheoxs]

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Still a shortage of Cactus Club restaurants, though.

Yeah but we just added a new cactus club in the NW. Good for another few hundred thousand homes.

[The Cosworth]

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Interesting... Any ideas why?

I can't imagine you could get financing, so that shouldn't have been a condition, right?



realtor.ca/real-estate/25503460/3408-liddel-court-sw-calgary-lakeview

My god, I love that house. (Pre-fire of course).

And yeah that car is nice, I have no idea who on Beyond owns it though. LOL.

[ThePenIsMightier]

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Yeah but we just added a new cactus club in the NW. Good for another few hundred thousand homes.

Needs to be crawling distance from Calgary*.

*And by "Calgary" I obviously mean Carstairs.

[Buster]

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My god, I love that house. (Pre-fire of course).

And yeah that car is nice, I have no idea who on Beyond owns it though. LOL.

Not a beyonder.

[mr2mike]

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Needs to be crawling distance from Calgary*.

*And by "Calgary" I obviously mean Carstairs.

Keepin'it real.

[skandalouz_08]

Just did a walk by of the house and can confirm it's not livable without significant Reno's. Best pics I could get from behind the house.

[2Legit2Quit]

What even happens in this situation or to produce this situation? Why didn't their home insurance cover repairs?

Did they light it up in hopes of claiming insurance and got caught so they're fucked now and trying to sell?

[ercchry]

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What even happens in this situation or to produce this situation? Why didn't their home insurance cover repairs?

Did they light it up in hopes of claiming insurance and got caught so they're fucked now and trying to sell?

It’s possible that it would have been a legitimate claim but without Buster telling us facts we can only guess… the most glaring “insurance void” situation would be having a vacant home. Which would be all the more likely with the high end market as these owners are way more likely to travel or own multiple properties