Quantcast
Calgary real estate prospects - Page 55 - Beyond.ca - Car Forums
Page 55 of 357 FirstFirst ... 45 54 55 56 65 ... LastLast
Results 1,081 to 1,100 of 7139

Thread: Calgary real estate prospects

  1. #1081
    Join Date
    Jul 2006
    Location
    The C
    Posts
    172
    Rep Power
    0

    Default

    Would be a shame if Calgary affordability went down the drain. One of the few bright spots for this area. Yes I would benefit but I'd rather make $ in the markets than at expense of average families not being able to afford housing.

    Really no telling what will happen given housing speculators are an innumerate bunch.

  2. #1082
    Join Date
    Mar 2010
    Location
    Calgary
    My Ride
    Ioniq 5
    Posts
    1,792
    Rep Power
    46

    Default

    Quote Originally Posted by Manhattan View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Would be a shame if Calgary affordability went down the drain. One of the few bright spots for this area. Yes I would benefit but I'd rather make $ in the markets than at expense of average families not being able to afford housing.

    Really no telling what will happen given housing speculators are an innumerate bunch.
    It'll actually be really bad for Calgary. One of our best attractions for workers and businesses was affordability. If houses here are a million+ it'll be much harder to attract new industries here over Vancouver. Broke is broke but might as well be broke by the ocean.

  3. #1083
    Join Date
    Jul 2010
    Location
    Homeless
    My Ride
    Blue Dabadee
    Posts
    9,599
    Rep Power
    100

    Default

    People don’t really think this is a long term phenomenon do they? I mean relatively speaking.
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
    This quote is hidden because you are ignoring this member. Show Quote

    guessing who I might be, psychologizing me with your non existent degree.

  4. #1084
    Join Date
    Jan 2008
    Location
    calgary
    Posts
    2,028
    Rep Power
    96

    Default

    Quote Originally Posted by killramos View Post
    This quote is hidden because you are ignoring this member. Show Quote
    People don’t really think this is a long term phenomenon do they? I mean relatively speaking.
    I'd love to hear people more educated than myself weigh in ( @Buster ), but my personal belief is this phenomenon will continue until interest rates normalize.
    When that happens I think things will "crash".

    That said, will the banks increase interest rates knowing the impending damage?
    But with the rapid inflation, wouldn't interest rate increases be inevitable?
    Last edited by vengie; 01-31-2022 at 03:07 PM.

  5. #1085
    Join Date
    Mar 2010
    Location
    Calgary
    My Ride
    Ioniq 5
    Posts
    1,792
    Rep Power
    46

    Default

    Quote Originally Posted by killramos View Post
    This quote is hidden because you are ignoring this member. Show Quote
    People don’t really think this is a long term phenomenon do they? I mean relatively speaking.
    In '07/'08 we never really returned to prices before. People that bought the peak kind of got fucked and took a hit but Calgary never went anywhere close to the pre-boom times. I think the same will happen this time around (though I doubt it'll be as big as the 07/08 rise).

    My guess: Prices go up 30-40% over the next 2 ish years, maybe 3 then 'crash' down 15-20% into a new level of values then plateaus. Detached prices are already up ~15% over 2019 levels so it's not unthinkable to hit 30+% runup.

  6. #1086
    Join Date
    Jan 2008
    Location
    Upstairs
    My Ride
    Natural Gas.
    Posts
    13,332
    Rep Power
    100

    Default

    I think this is probably front-running widespread inflation, and will overshoot a bit, but everything is going to get more expensive over the next few years.

    Calgary's affordability I think will remain roughly what it is now.
    Quote Originally Posted by killramos View Post
    This quote is hidden because you are ignoring this member. Show Quote
    You realize you are talking to the guy who made his own furniture out of salad bowls right?

  7. #1087
    Join Date
    Jan 2004
    Location
    Calgary, Alberta
    My Ride
    Bicycle
    Posts
    9,271
    Rep Power
    49

    Default

    Quote Originally Posted by TomcoPDR View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Can a noisy-mirror deflect it? (Disclaimer I don’t know shit about feng shui). Ok ok what if we melted all of @ZenOps nickels to do like a satellite dish deflector
    Name:  61mYxW7NwnL._AC_SL1100_.jpg
Views: 377
Size:  54.0 KB

    I swear I saw that house with one of these at some point in the last 2 decades but Google Street view say no.

  8. #1088
    Join Date
    Jul 2008
    Location
    Transnistria
    My Ride
    Exploded.
    Posts
    8,207
    Rep Power
    51

    Default

    Quote Originally Posted by sabad66 View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Meanwhile, me and a few others on this forum *still* waiting for townhouse/condo market to heat up:

    Attachment 104103
    Can't wait!

    *cries in pain as passes by new rental buildings in Beltline heading home*

  9. #1089
    Join Date
    Jun 2014
    Location
    Calgary
    Posts
    1,100
    Rep Power
    20

    Default

    Quote Originally Posted by pheoxs View Post
    This quote is hidden because you are ignoring this member. Show Quote
    In '07/'08 we never really returned to prices before. People that bought the peak kind of got fucked and took a hit but Calgary never went anywhere close to the pre-boom times. I think the same will happen this time around (though I doubt it'll be as big as the 07/08 rise).

    My guess: Prices go up 30-40% over the next 2 ish years, maybe 3 then 'crash' down 15-20% into a new level of values then plateaus. Detached prices are already up ~15% over 2019 levels so it's not unthinkable to hit 30+% runup.
    Yeah theres no way were going to see pre covid prices, I dont see the prices going up another 30-40% in the next couple years though, were close to the peak i think.
    Disclaimer: im just a nobody and tbh i wouldve bet my house in early 2020 that theres no way our housing market would boom this fast and hard lol
    Quote Originally Posted by Mitsu3000gt View Post
    This quote is hidden because you are ignoring this member. Show Quote
    and I did not have the only say in the matter (most people just want it done ASAP and don't care about quality).
    Quote Originally Posted by Mitsu3000gt View Post
    This quote is hidden because you are ignoring this member. Show Quote
    If anything we made a better decision because we had a consensus and were all on the same page.

  10. #1090
    Join Date
    Jun 2006
    Location
    Calgary
    Posts
    256
    Rep Power
    19

    Default

    Quote Originally Posted by Proyecto2000 View Post
    This quote is hidden because you are ignoring this member. Show Quote
    There is one house for sale in Redstone for $930k right now. Wondering if it will go over ask and set an upper NE record lol


    https://www.realtor.ca/real-estate/2...lgary-redstone

    How about this one for 950k...

    https://www.realtor.ca/real-estate/2...y-saddle-ridge

    Great views of Stoney, about 100m away, from your third floor balcony.

    Edit: I like how the listing says "... unique 3 storey home in the heart of Saddlestone and the one and only in this AREA" and then you look on Google Earth and there's one just down the street and another one just to the north.
    Last edited by Xamim; 01-31-2022 at 04:55 PM.

  11. #1091
    Join Date
    Dec 2008
    Location
    A semi-detached home from 89Coupe (hahahaha)
    My Ride
    A Gallardo from SDS (hahahaha)
    Posts
    849
    Rep Power
    41

    Default

    Quote Originally Posted by Xamim View Post
    This quote is hidden because you are ignoring this member. Show Quote
    How about this one for 950k...

    https://www.realtor.ca/real-estate/2...y-saddle-ridge

    Great views of Stoney, about 100m away, from your third floor balcony.

    Edit: I like how the listing says that "... unique 3 storey home in the heart of Saddlestone and the one and only in this AREA" and then you look on Google Earth and there's one just down the street and another one just to the north.


    This has to be nothing more than shameless pandering by the realtor.

    According to Honest Door, this house last sold for $588k in 2017; the city assessment is $605k and - even if the algorithm is slow to adjust - the "Honest Door Price" is $662,000.

    But sure, Saddleridge - sooo HAWT right now.

  12. #1092
    Join Date
    Mar 2003
    Location
    403
    My Ride
    Bunch of Honda's
    Posts
    6,570
    Rep Power
    49

    Default

    Quote Originally Posted by pheoxs View Post
    This quote is hidden because you are ignoring this member. Show Quote
    In '07/'08 we never really returned to prices before. People that bought the peak kind of got fucked and took a hit but Calgary never went anywhere close to the pre-boom times. I think the same will happen this time around (though I doubt it'll be as big as the 07/08 rise).

    My guess: Prices go up 30-40% over the next 2 ish years, maybe 3 then 'crash' down 15-20% into a new level of values then plateaus. Detached prices are already up ~15% over 2019 levels so it's not unthinkable to hit 30+% runup.
    If prices go up 30-40% then "crash" by 15-20% I would call that a CORRECTION.

    The people waiting for a true crash to pre-2005 prices (before the last run up or pre-boom times) are going to be waiting a long fucking time lol. Should have bought the dip a few years back.

    Edit: Sorry, not directed at you specifically Pheoxs.

  13. #1093
    Join Date
    Jan 2004
    Location
    Calgary, Alberta
    My Ride
    Bicycle
    Posts
    9,271
    Rep Power
    49

    Default

    Quote Originally Posted by pheoxs View Post
    This quote is hidden because you are ignoring this member. Show Quote
    My guess: Prices go up 30-40% over the next 2 ish years, maybe 3 then 'crash' down 15-20% into a new level of values then plateaus. Detached prices are already up ~15% over 2019 levels so it's not unthinkable to hit 30+% runup.
    I also like this assessment. There will be slight heating up of the job market to make this worse than 06-08 run. A "Crash" would be basically Calgary from 08-2021, price hold the line +/- 10%.

    The only outlier would be another black swan event that US can't climb out of. While we got over 2002 and 2008 pretty good, I seriously doubt US got the ability to come out of the next correction.

  14. #1094
    Join Date
    Oct 2003
    Location
    Calgary
    My Ride
    ute
    Posts
    4,937
    Rep Power
    100

    Default

    Quote Originally Posted by vengie View Post
    This quote is hidden because you are ignoring this member. Show Quote
    I'd love to hear people more educated than myself weigh in ( @Buster ), but my personal belief is this phenomenon will continue until interest rates normalize.
    When that happens I think things will "crash".

    That said, will the banks increase interest rates knowing the impending damage?
    But with the rapid inflation, wouldn't interest rate increases be inevitable?
    All things being equal, asset prices are inversely proportional to interest rates. The problem with this in real estate is that people can behave irrationally. This irrationality looks like speculation based on ability to borrow and it also looks like people choosing to allocate much more of their personal balance sheets to real estate (instead of other consumer spending). So can it go higher when interest rates go higher? Sure, why not, people can behave like idiots for a long time by crushing their retirement savings allocation, their discretionary spending, the concept of transferring wealth to their kids, etc. As they say, the market can stay irrational a lot longer than you can stay solvent.

    Our institutions have, of course, failed us. The reasons for this are many, but mostly it is because institutions are really just a reflection of the populace. You think Trudeau is an idiot? Of course you do. But he is a perfect reflection of Canada and Canadians. Our institutions reflect our naivete and our greed and our lack of understanding - because it is easier to pretend that the institutions are a caretaker of the people, rather than a product of the people.

    For instance: whoever came up with the concept of mortgage insurance. Fucking dumb. Whoever thinks that pricing controls work. Fucking dumb. (In this case, price controls being the cost of capital - ie. artificially lower interest rates). The idea that the creation of a "middle class" isn't the product of a robust economy, but rather the responsibility of gov't and policy makers. Fucking dumb. I could go on.

    The reason I hate RE as an asset class isn't just because of its objective flaws (illiquidity, maintenance, transaction costs), but primarily because it's an asset class that every Canadian (see above), can participate in. Not only that, they can participate with horrendous amounts of leverage. Do you want to be sitting in a bathtub farting bubbles with the average Canadian in the RE market? (As we know the average Canadian is, statistically speaking, a moron). Sure they can also be the dumb money at the table, with which you can enrich yourself. But you're only not-the-dumb money until you become...the dumb money.

  15. #1095
    Join Date
    Jan 2004
    Location
    Calgary, Alberta
    My Ride
    Bicycle
    Posts
    9,271
    Rep Power
    49

    Default

    Quote Originally Posted by Buster View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Sure they can also be the dumb money at the table, with which you can enrich yourself. But you're only not-the-dumb money until you become...the dumb money.
    Also apply to MLM and crypto?

  16. #1096
    Join Date
    Jun 2020
    Location
    Airdrie
    Posts
    124
    Rep Power
    0

    Default

    Quote Originally Posted by pheoxs View Post
    This quote is hidden because you are ignoring this member. Show Quote
    It'll actually be really bad for Calgary. One of our best attractions for workers and businesses was affordability. If houses here are a million+ it'll be much harder to attract new industries here over Vancouver. Broke is broke but might as well be broke by the ocean.
    I don't look so dumb now do I? HAHA...in all honesty, I'm a little worried about not being able to move back to Calgary without having to settle for a condo right about now.

    As for those Saddletowne and Redstone houses, not too surprising, when we lived in Airdrie 2016-2021 there were definitely houses in that range in communities like Coopers and Bayside.

    Guess I'll moving to Strathmore when I'm sick of paying out my ass for rent here in BC lol but at least I'll enjoy our time here.

  17. #1097
    Join Date
    Oct 2003
    Location
    Calgary
    My Ride
    ute
    Posts
    4,937
    Rep Power
    100

    Default

    Just more evidence for my theory that real estate is hot.

  18. #1098
    Join Date
    Oct 2003
    Location
    Calgary
    My Ride
    Treg/B7
    Posts
    219
    Rep Power
    0

    Default

    Figuring out how long a Market will stay hot is the hard part. We continuously see Governments trying new ways to keep the "heat" on.

    For Calgary RE, the drivers in the near term lead me to think there is still upside.
    • 2022 Government daycare subsidies will push young families to bigger homes (2 kids is $1g in “savings”)
    • Immigration at record levels where the dream is homeownership, We have space and resources to keep this up and the government intends to.
    • As the world re-opens, oil will trend higher driving job growth in AB. If it ever re-opens……..
    • BC and Ontario RE prices are pushing people out, and with remote work Calgary seems affordable
    • Record low inventory on detached homes in Calgary
    • USA is unlikely to raise rates quickly and Canada will follow their lead as to not strengthen CAD vs USD. Their government Debt to GDP ratio is almost twice as bad as Canada.
    • People will always need physical places to live. Money can be diverted from stocks, crypto and the new metaverse when basic human needs require it.

    The “masses” love RE and the current narrative in AB supports it. Sometimes the dumb money is lucky enough to be right. 2004 and 2021. Hard to bet against government and the masses.

    The music only stops when we run out of space, resources, or people wanting to move here. Investing in sectors and markets we understand gives an advantage and even then we are likely wrong. Diversify into all irrational markets.
    Last edited by Rarasaurus; 01-31-2022 at 07:00 PM.

  19. #1099
    Join Date
    Apr 2006
    Location
    Cowtown
    My Ride
    10' 4Runner SR5
    Posts
    6,345
    Rep Power
    58

    Default

    Chatting with a realtor today on a shoot, and he was saying the home inspector said 10 out of the last 15 inspections were folks from Toronto, about half buying simply from photos online. Most are investors.

    Why the frenzy to buy property in Alberta is still bewildering to me. Do they see a massive influx of people who will want to rent for the next 20 years to make their investment worthwhile? Or simply think they can sell a house in 3 years and double up like they did in Toronto...
    Ultracrepidarian

  20. #1100
    Join Date
    Jul 2006
    Location
    Victoria Park
    My Ride
    '16 FoRS, '09 UZN215, '90 Z32, '15 Grom
    Posts
    4,132
    Rep Power
    64

    Default

    Quote Originally Posted by msommers View Post
    This quote is hidden because you are ignoring this member. Show Quote
    Chatting with a realtor today on a shoot, and he was saying the home inspector said 10 out of the last 15 inspections were folks from Toronto, about half buying simply from photos online. Most are investors.

    Why the frenzy to buy property in Alberta is still bewildering to me. Do they see a massive influx of people who will want to rent for the next 20 years to make their investment worthwhile? Or simply think they can sell a house in 3 years and double up like they did in Toronto...
    It is a speculative bet. Guess people like the risk/reward. Might be good, might be a dud, who knows. Time will tell.

Page 55 of 357 FirstFirst ... 45 54 55 56 65 ... LastLast

Similar Threads

  1. FREE: 2 tickets to the NHL/CHL Top Prospects Game (Jan 15)

    By toyboy88 in forum Event Tickets / Attraction Passes
    Replies: 1
    Latest Threads: 01-14-2014, 05:11 PM
  2. Honeymoon Prospects

    By statick in forum Travel and Vacation
    Replies: 17
    Latest Threads: 03-19-2012, 11:05 PM
  3. Replies: 0
    Latest Threads: 04-21-2010, 02:54 AM
  4. Anyone worried about real estate declining in Calgary?

    By urban.one in forum Real Estate / Finance
    Replies: 50
    Latest Threads: 04-26-2007, 11:11 AM
  5. Edmonton Real Estate Market vs. CAlgary

    By 2.2vtec in forum General
    Replies: 11
    Latest Threads: 02-21-2006, 02:05 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •