Calgary real estate prospects

[killramos]

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What’s from someone else reading this secret from copying your proprietary investment strategy?

Everyone else is a stoopid spoiled Canadian with too big of lots.

Once you live in a few shoeboxes in Asia you miraculously know everything there is to know about Canadian real estate. Look at Vancouver. Hawwwwt

[ExtraSlow]

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What’s from someone else reading this secret from copying your proprietary investment strategy?

Be reels. I is smrt. Dey r dum.

[ThePenIsMightier]

Wait... This is the guy who lives in a drawer somewhere in Asia? I thought he was an exec in the Rotary Club. Can he help me win a show home with a jet ski, or not!??!
That's how I decide whose side of the argument I'm supporting.

[Rocket1k78]

A single dethatched finally came up for sale in my community on friday and its gone already so theres still some action. Not saying the market as a whole is hawwt but theres still some heat

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A realtor telling you "now is a good time to list"? Imagine that.

True lol it wasnt just him though

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Seems dumb to list right now. Sure you can probably sell it for asking in a few weeks but with active listings significantly below normal as still dropping there’s no rush. Why not wait until spring when there’s more buyers so you can hopefully get a bidding war going.

Right now there’s 1,979 detached properties for sale in Calgary. 2 years ago this time of year it was 3,400 listings. And sales continue to outpace new listings which means spring is going to be chaos. I wouldn’t wait for summer as things might taper off with rate changes coming but Feb-Mar is looking like the stars aligning to sell a house.

I was on the same boat as i feel the 1st quarter of next year will be really good but i cant see it being another price spike like what happened this year but again who knows. If i wait til next year ill probably have a larger buyer pool but ill also be up against more comps too. I think with the low listings this should help me and im sure its not just the few of us in here that are feeling like its going to get busy again next year so hopefully theres still panicked buyers lol

[suntan]

I'm getting supermarket prices. Your arguments are all invalid.

[pheoxs]

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A single dethatched finally came up for sale in my community on friday and its gone already so theres still some action. Not saying the market as a whole is hawwt but theres still some heat


True lol it wasnt just him though




I was on the same boat as i feel the 1st quarter of next year will be really good but i cant see it being another price spike like what happened this year but again who knows. If i wait til next year ill probably have a larger buyer pool but ill also be up against more comps too. I think with the low listings this should help me and im sure its not just the few of us in here that are feeling like its going to get busy again next year so hopefully theres still panicked buyers lol

Well inventory is lower now that it’s been in many years so that’s a big plus for the spring and although they’ll raise interest rates eventually, it’ll only be in 0.25% increments so if I had to wager as soon as we see the first rate increase you’ll still see a flurry of purchases as more people try to buy before rates go up even further. Although the bond market is already rising so perhaps that’s happening now.

Either way, as long as active listings continues to drop each month I don’t really see a reason to rush. But I would say the best thing you can do is have your realtor ready to go, the house ready, and whenever you do decide to list it you can pull the trigger in a few days to get it listed. Gives you flexibility.

[Xtrema]

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Seems dumb to list right now. Sure you can probably sell it for asking in a few weeks but with active listings significantly below normal as still dropping there’s no rush. Why not wait until spring when there’s more buyers so you can hopefully get a bidding war going.

Right now there’s 1,979 detached properties for sale in Calgary. 2 years ago this time of year it was 3,400 listings. And sales continue to outpace new listings which means spring is going to be chaos. I wouldn’t wait for summer as things might taper off with rate changes coming but Feb-Mar is looking like the stars aligning to sell a house.

rates going back up and inflation may lowering buying power and remove buyers from the market.

[suntan]

Pfft, according to MMT printing money has no consequences.

[pheoxs]

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rates going back up and inflation may lowering buying power and remove buyers from the market.

It will but it also means anyone thats close to buying is going to hurry up and buy asap. I think sales will hold decently well through the first rate increase. its when we get to 2 or 3 increases through the year that things taper off a bunch. We still have to go up a full % to get to pre covid levels.

[suntan]

BoC will keep rates low to prevent Canada from going bankrupt.

CAD$ tanks, Chinese buy even more property as a result, raising home prices.

See, it's a win-win-win.

[Buster]

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BoC will keep rates low to prevent Canada from going bankrupt.

CAD$ tanks, Chinese buy even more property as a result, raising home prices.

See, it's a win-win-win.

It's almost as if central planning is a sham

[ExtraSlow]

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It's almost as if central planning is a sham

Well, it's also really poorly done in Canada. Now China, that's a model that (almost) works!

[JohnnyHockey13]

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BoC will keep rates low to prevent Canada from going bankrupt.

CAD$ tanks, Chinese buy even more property as a result, raising home prices.

See, it's a win-win-win.

The Chinese are driving real estate in Cowtown? Lol

[Xtrema]

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The Chinese are driving real estate in Cowtown? Lol

i am waiting AB to have the same scam that Nova Scotia is running watch the Chinese $ flowing in.

[Rocket1k78]

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I'm getting supermarket prices. Your arguments are all invalid.

Almost as invalid as you saying a buyer has no recourse the day before posession

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But I would say the best thing you can do is have your realtor ready to go, the house ready, and whenever you do decide to list it you can pull the trigger in a few days to get it listed. Gives you flexibility.

Thats the plan, met with a couple staging companies today to get some numbers and just a couple small touch ups

[suntan]

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Almost as invalid as you saying a buyer has no recourse the day before posession

The amount of bullshit you spew could fill up multiple green bins. Your fucking idiocy and impotence in negotiating doesn't mean it applies to everyone else.

[Buster]

Gettin' spicey!

[Tik-Tok]

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Gettin' spicey!

More proof that the trash talking market is hot right now.

[Power_Of_Rotary]

We need a poll to see how many rednecks here actually own their homes and see their view the market prospects lol

[Power_Of_Rotary]

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A single dethatched finally came up for sale in my community on friday and its gone already so theres still some action. Not saying the market as a whole is hawwt but theres still some heat


True lol it wasnt just him though




I was on the same boat as i feel the 1st quarter of next year will be really good but i cant see it being another price spike like what happened this year but again who knows. If i wait til next year ill probably have a larger buyer pool but ill also be up against more comps too. I think with the low listings this should help me and im sure its not just the few of us in here that are feeling like its going to get busy again next year so hopefully theres still panicked buyers lol

This is happening in many areas. The number of listings is more critical than you think. 2k listing (leftovers) is either extremely overpriced, and/or just shit homes.

I can conclude this thread is now pointless and derailed. My bad to start a thread talking about RE with a bunch of rednecks living in trailer parks. Youd think these old folks on beyond would have grown up a bit by now.