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Thread: Calgary real estate prospects

  1. #221
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    Yea hopefully more BC blondes make their way over here.

    BC4=AB7 still very much applies lol

  2. #222
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    I think the market is good. A lot of people migrate into Calgary (international) and bring money. A lot of people don't understand/ follow the stock market and instead invest into property. Many of the households operate as multigenerational homes/Family units. Resources are pooled. Expectations are also different. For example my condo may not be ideal to some. But coming from old cold housing from another country. My place feels like a penthouse at times.

  3. #223
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    Quote Originally Posted by max_boost View Post
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    Yea hopefully more BC blondes make their way over here.

    BC4=AB7 still very much applies lol
    LOL took a minute to catch on to the BC4=AB7 but yeah i agree
    Quote Originally Posted by Mitsu3000gt View Post
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    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
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    If anything we made a better decision because we had a consensus and were all on the same page.

  4. #224
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    Quote Originally Posted by engibeer View Post
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    So the missus and I are in the market for a small place near downtown. Preferably detached. We both generally commute to work on our mtb's all year and have no intention of riding transit or paying $500/m for parking. So with that said, we're willing to pay the location premium but there are very few options, especially in the 600-700k range.

    I did come across one and will be going to check it out this weekend. Given that I'm relatively new to Calgary, I'm trying to figure out whether it's valued decently or if anything about it looks.. shady?
    Update on this - we ended up snagging our neighbors place in Sunnyside before it was listed. Closing is in ~5 weeks.

    Anyway, we've done quite a bit of searching for a real estate lawyer.

    In case this is helpful to anyone, here are the all-in quotes we received:

    Kevin Schouten @ Field Law - $2100
    MacKay Real Property Law - $1740
    Williamson Law - $1850
    Charles Hotzel - $1450
    Cohen & Horvath - $1700
    Clark & Clark - $1850

    Hotzel it is.. I believe he was a beyond recommendation.
    Last edited by engibeer; 02-13-2021 at 02:06 PM.

  5. #225
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    ^^^I paid $1200 last may at http://www.kushwahalaw.com/ My realtor recommended him. I was totally expecting extra fees because he was by far the cheapest but it was as he said. If it wasnt for the realtor referring him im sure i wouldve went to another guy because his price was so cheap
    Quote Originally Posted by Mitsu3000gt View Post
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    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
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    If anything we made a better decision because we had a consensus and were all on the same page.

  6. #226
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    I used abe at fares law

  7. #227
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    I think we paid ~$1200 on the buy side.

  8. #228
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    Colleague of mine sold their inner city bungalow to a couple from out east. They did everything virtually. Think there are anecdotal stories that go both ways (moving in / moving out to be with family).

  9. #229
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    In the past 3 months I've seen 2 houses within a block from me getting detached from the foundation and moved away in the middle of the night.

    What's the advantage of this? are people buying these old houses? is it cheaper than demolition? Is this what you need to do if you plan to reuse the existing foundation for the new built?

  10. #230
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    A) it’s cheaper than demolition especially if you need to mitigate asbestos

    B) if it’s in anything resembling good shape you might actually be able to make some money on it, people do buy them

    C) not sure it nessecarily has anything to do with retaining foundation
    Originally posted by Thales of Miletus

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    fact.

  11. #231
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    Quote Originally Posted by RX_EVOLV View Post
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    are people buying these old houses? is it cheaper than demolition? Is this what you need to do if you plan to reuse the existing foundation for the new built?
    Yes, sometimes, no.

  12. #232
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    Interesting. Good to know!

  13. #233
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    Quote Originally Posted by killramos View Post
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    A) it’s cheaper than demolition especially if you need to mitigate asbestos

    B) if it’s in anything resembling good shape you might actually be able to make some money on it, people do buy them

    C) not sure it nessecarily has anything to do with retaining foundation
    Depending where the asbestos is, it may need to be remediated anyway before the house can be moved.

    I've been told that if you sell the house to movers for $1 (assuming original condition), you're doing alright because of demo savings. We sold ours to the movers for $45k, but it was substantially renovated right before we bought it

    It helps if you intend to save the foundation... the movers did an amazing job of separating the house from foundation.
    Originally posted by max_boost
    Hey baller, any problem money can solve is no problem at all. Don't sweat it.

  14. #234
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    I’m hoping to be able to sell mine for a couple of bucks down the road. But if it went away for free I wouldn’t cry about it either.

    Screw the foundation haha
    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
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  15. #235
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    How do they move a whole house? Genuinely curious as I thought modular homes had a max width to get down roads.
    Nolan

  16. #236
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    Slide a couple trucks under it, it can be quite a production removing signs etc. Obviously a lot of route planning to get it out of the city.

    9C98DCEB-8365-4A58-A645-6192359D2149.jpeg
    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.

  17. #237
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    Global News did a segment on the hot Calgary detached market right now...multiple offers, 10s of people coming thru the first day on market, etc...Len T Wong was on saying this could last at least 60-90 more days. I hope he's right.

  18. #238
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    Calgary market definitely sounds hot from all the talk, as said before my bro sold his place in 2 days last month for over asking


    Quote Originally Posted by cjblair View Post
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    Yes, sometimes, no.
    pick a lane
    Quote Originally Posted by Mitsu3000gt View Post
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    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
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    If anything we made a better decision because we had a consensus and were all on the same page.

  19. #239
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    That $500-599 market seems crazy, and it makes sense. Most people looking for home with more space in the suburbs.

    Maybe someone can score a better deal if they aim for those high 600-low 700 list prices?

  20. #240
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    Quote Originally Posted by Disoblige View Post
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    That $500-599 market seems crazy, and it makes sense. Most people looking for home with more space in the suburbs.

    Maybe someone can score a better deal if they aim for those high 600-low 700 list prices?
    I mean this was a year ago but my place sat on the market with pretty minimal interest for a lot longer than I would have preferred in this range.

    Carrying two mortgages is not an experience I have a desire to repeat haha.
    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.

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