Single-family home prices falling the fastest in Calgary, down $36K from last year

[Xtrema]

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I assume you don't own property in the Lower Mainland, correct? That market is going into quite the downward spiral.

Vancouver west, when an adjustment is your average home prices is most of Canada.

[HiTempguy1]

I'm happy I had my condo spec'd exactly as I wanted it, with the way prices are going (in Edmonton), I think I'll be living there a while, which doesn't bother me. Just needs AC installed (thank god I got that roughed in). Place is perfect for a bachelor.

[muse017]

Not a single family house but it was definitely harder to sell. The gain I had during 2012~14 got halved from this townhouse sale lol. Upside is that I moved into bigger place with much better cash flow.

[msommers]

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Vancouver west, when an adjustment is your average home prices is most of Canada.

Seriously. Look at averages throughout Canada lol

https://www.crea.ca/housing-market-s...nal-price-map/

[max_boost]

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I'm happy I had my condo spec'd exactly as I wanted it, with the way prices are going (in Edmonton), I think I'll be living there a while, which doesn't bother me. Just needs AC installed (thank god I got that roughed in). Place is perfect for a bachelor.

If I say it's my forever home, then that makes me feel better.

[HiTempguy1]

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If I say it's my forever home, then that makes me feel better.

Why you gotta be like that? Lucky for me, my place was dirt cheap. I can still buy/move wherever I want and just keep renting it out. Just keeps me from my 5 year buy and dump rule for condos.

[Xtrema]

free $ from CMHC for 1st time home buyers

https://globalnews.ca/news/5069183/b...affordability/


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[msommers]

"Home owners would eventually have to repay the incentive, possibly at re-sale, though it’s unclear yet how that would work."

[A790]

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free $ from CMHC for 1st time home buyers

https://globalnews.ca/news/5069183/b...affordability/


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lol

People throwing themselves headlong into debt to prop up the housing market that is overdue for a correction.

Fabulous idea.

[Xtrema]

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"Home owners would eventually have to repay the incentive, possibly at re-sale, though it’s unclear yet how that would work."

Well it's still "free" money in the sense that $40K is interest free!

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lol

People throwing themselves headlong into debt to prop up the housing market that is overdue for a correction.

Fabulous idea.

Correction happened. GDP growth went into the toilet or even skirting recession. Let's boost it again. But only for the poor and property under $500K.

[A790]

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Correction happened. GDP growth went into the toilet or even skirting recession. Let's boost it again. But only for the poor and property under $500K.

Correction most definitely did not happen. RE has outpaced every other sector for way too long for a 2-3 year and relatively minor drop in prices to be considered a correction.

[Sugarphreak]

...

[Asian_defender]

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Which area are you in right now? I've been in Sage Valley Circle since late 2014.

I'm not sure how these new builds impact pricing but it's basically been nonstop since Emerald Sky was put up several years back. Then came all those condos/townhomes on Symons Valley Parkway, Sage Place, then Sage Bluff and now we have Glacier Ridge in the works.

I miss the days when the only traffic lights on Shag were the ones outside CityMarket

I'm in sage hill green. You're just across the ravine from me

[shakalaka]

My condo in Edmonton when I bought it was in a brand new building in downtown right across Grant Mac college. Arena had not been confirmed at that time but as soon as it was some units same as mine sold for $100k more than purchase price within less than 6 months of ownership. I had purchased to live in it so didn't care but at this time same units are barely selling for the purchase price that was back in 2012. And I say barely and in some cases it's lower. Now that I have been thinking of making a move from the condo i don't to sell it. At least one good thing is with the location it shouldn't be too hard to find someone to rent it out as half the building are university kids anyway.