Calgary real estate prospects

[89coupe]

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Bigger HELOCS for everyone!

I think will be surprised no matter what.

If Trudeau is gone then what

If cons get in power then what

But immigration is needed to keep the triangle scheme going

I don’t see any immigrants buying million plus dollar homes.

[roopi]

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I don’t see any immigrants buying million plus dollar homes.

Look at the bigger picture.

[Buster]

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I don’t see any immigrants buying million plus dollar homes.

Your knowledge of economics is questionable.

[4WARNED]

https://www.realtor.ca/real-estate/2...view=imagelist

[ExtraSlow]

I'd live there.

[Pacman]

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I'd live there.

me too. Even with the flood risk. That house is pretty badass

[XylathaneGTR]

I'm surprised they went with such a builder grade shitter given the castle theme going on. Definite corner cut. Must have cost 249/sqft.

Jus' kiddin', interesting place, not for me though.

[2Legit2Quit]

Looks rock solid

[kJUMP]

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Is that for total home square footage or just above grade?

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Probably per developed foot.

I probably have said this 1/2 dozen times before, but $500 will not get you really high end. That will get you the high end of builder grade.

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Total

Follow up question, does the (or should the) total developed cost also include: architecture, demolition, interior design (ex-furniture), landscaping? It seems that there is a fair amount of heterogeneity with how different house build companies report their prices. Take one or more of those line items out and the advertised $/sqft swings drastically, but these costs still have to be borne at some point.

[89coupe]

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Follow up question, does the (or should the) total developed cost also include: architecture, demolition, interior design (ex-furniture), landscaping? It seems that there is a fair amount of heterogeneity with how different house build companies report their prices. Take one or more of those line items out and the advertised $/sqft swings drastically, but these costs still have to be borne at some point.

Minus furniture, it should be turn key.

[pheoxs]

My assumption (with minimal knowledge) is it would basically just be lot cost is separate then the $/sqft would be everything else including the whole design, build, and completion of the house.

The lot itself would be separate since there's a wide different between a cheap lot on the edge of the city vs inner city in a nice area. But generally speaking if you're building the identical infills in aspen or forest lawn it should more or less be the same build cost. Maybe a few more hoops to jump through for permits but minimal cost impact.

[89coupe]

Just do it all yourself

Buy the land yourself
Research your own architect
Apply for all your permits yourself
Hire all your own trades
Project manage it yourself
That way if you go over budget, or something fucks up, you can only blame yourself.

LOL

[max_boost]

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Just do it all yourself

Buy the land yourself
Research your own architect
Apply for all your permits yourself
Hire all your own trades
Project manage it yourself
That way if you go over budget, or something fucks up, you can only blame yourself.

LOL

keep doing you man
you killing it
biz class flights
michelin star restaurants

#7.2life

[ExtraSlow]

Aha

[XylathaneGTR]

Geez get a room.

[you&me]

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I’m not advocating for it.

Fwiw, the only people that build/Reno $1k/ft houses are the ones who can easily afford it. Also, no normal person does that.

The real hurdle for most I suspect is that Calgary's resale market just doesn't justify building in that $500-1,000 psf range. It's one thing to be able to afford to build a home like that, but I would imagine the real limiting factor is that a lot of people have a problem staring down a massive negative equity situation on day one, even if it a "forever" home.

I can't think of a scenario (infill, estate house, acreage, etc) where building at $1k/ft in Calgary isn't a recipe for being hundreds of thousands, if not millions of dollars upside-down. That's big DGAF territory.

[Rocket1k78]

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Look at the bigger picture.

Know your audience lol

[suntan]

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The real hurdle for most I suspect is that Calgary's resale market just doesn't justify building in that $500-1,000 psf range. It's one thing to be able to afford to build a home like that, but I would imagine the real limiting factor is that a lot of people have a problem staring down a massive negative equity situation on day one, even if it a "forever" home.

I can't think of a scenario (infill, estate house, acreage, etc) where building at $1k/ft in Calgary isn't a recipe for being hundreds of thousands, if not millions of dollars upside-down. That's big DGAF territory.

89coupe makes that back in minutes.

[ThePenIsMightier]

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Just do it all yourself

Buy the land yourself
Research your own architect
Apply for all your permits yourself
Hire all your own trades
Project manage it yourself
That way if you go over budget, or something fucks up, you can only blame yourself.

LOL

It's so hard! First you need a phone, then you need to use that phone. Then it takes a long time.
I used to work with a guy who did it on a $1MM+ house and he was a Project Controls Scheduler, so... no CCIM, but also not exactly a gifted scholar.

[89coupe]

Find where your favourite builder is building, walk on to the job-site and talk to the trades over the duration of the build. Most can be hired out.