Calgary real estate prospects

[ExtraSlow]

[Buster]

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Word.

But who said I lived in a shoebox??

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lol. Why would I be disappointed? Thats your mothers job.

Mom is haaaaawwwwt.

Wait. Damn.

[pheoxs]

Mid-month update:

Detached sales: 630
Detached new listings: 560

Active listings: 1,826 (Decrease of 250 since end of October)

Things sure are really looking crazy for spring buying season.

[Rarasaurus]

So sell everything early 2022? Or hold for 3 year oil boom?

[ExtraSlow]

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So sell everything early 2022? Or hold for 3 year oil boom?

Sell and move to Vancouver.

[Rarasaurus]

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Sell and move to Vancouver.

Sound financial advice I will take. I agree, History predicts future. 15 year flat market in YYC vs 2X in Vancouver. Likely to happen again over same time period. Vancouver is the sure bet here.

[suntan]

Now accessible by ferry!

[killramos]

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sell and move to america.

ftfy

[ExtraSlow]

Sell and move to Quebec?

[pheoxs]

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Mid-month update:

Detached sales: 630
Detached new listings: 560

Active listings: 1,826 (Decrease of 250 since end of October)

Things sure are really looking crazy for spring buying season.

lil’ update to this.

Nov Sales: 1,246
Nov New Listings: 1,052

Nov 1st active listings: 2,066
Dec 1st active listings: 1,526

So a 25% drop in number of homes on the market in a month. Pretty crazy. It’s common to see a decrease, 2019 went from 3,497 down to 3,000 active. Which was also a drop of 500 but the amount remaining is half of what it should be.

[Rarasaurus]

Thats just over a month of inventory on Single Family at current sale rates. Will be an interesting market first half of 2022 till rates start rising.

[Civic_Drift]

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Thats just over a month of inventory on Single Family at current sale rates. Will be an interesting market first half of 2022 till rates start rising.

Inventory keeps dropping on a daily basis. If inventory drops below 1,000 single family homes, then would be interesting to see if interest rate hikes even have an impact. I personally know a few people that want to upgrade homes but can't because there's simply nothing out there so they cannot sell their existing homes. It's a domino effect.

[Buster]

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Inventory keeps dropping on a daily basis. If inventory drops below 1,000 single family homes, then would be interesting to see if interest rate hikes even have an impact. I personally know a few people that want to upgrade homes but can't because there's simply nothing out there so they cannot sell their existing homes. It's a domino effect.

It's a bit like a short squeeze. We know that the Calgary real estate market can absorb much more leverage than it has currently.

[killramos]

The game I have been playing this week is what kind of awesome place I could own in Hawaii instead of my dump in Calgary.

[prae]

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The game I have been playing this week is what kind of awesome place I could own in Hawaii instead of my dump in Calgary.

we just hired someone out of Oahu that left LA, for Hawaii. Do eeet

[Buster]

I could never live in Hawaii

[prae]

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I could never live in Hawaii

what I find hilarious is the cost of flights, travel time, and the net-net accessibility of YYJ isn't really that different than HNL

[2Legit2Quit]

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The game I have been playing this week is what kind of awesome place I could own in Hawaii instead of my dump in Calgary.

Big Island is pretty affordable, don't even look at Kauai prices haha

[bjstare]

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Big Island is pretty affordable, don't even look at Kauai prices haha

It’s less affordable in nicer communities.

My parents have a house on the big island. We have toyed with moving down there, but the biggest barrier is being white - more of a consideration given we’re raising young kids. White kids get treated like shit by the native Hawaiians down there. Also drugs are a major issue.

[2Legit2Quit]

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It’s less affordable in nicer communities.

My parents have a house on the big island. We have toyed with moving down there, but the biggest barrier is being white - more of a consideration given we’re raising young kids. White kids get treated like shit by the native Hawaiians down there. Also drugs are a major issue.

Yeah I've mulled the idea of pushing to move there or being retirement goal. The racism is a real deal and working your way into the community which is important with island living.