When people realize Alberta has no economy outside of a boom and bust oil industry they'll stop coming or they'll just buy up all the condos and be out of town landlords - especially since there's no rent control which is bonkers insane in the middle of the worst housing crisis in the world. I bought in Edmonton 6 months ago and am moving back to BC and just gonna be another out of town slumlord since I make twice as much in BC for what I do and have been shafted for jobs in favour of Indians who will work for $5 an hour cash. No one wants to pay a decent wage here and everyone is out to rip each other off or hire TFW's they can abuse for peanuts. Don't get me started on the unfunctional local governments and inbred people with insane conspiracy theories. Its worse than Texas, at least they have good food and weather mixed in with their incest

forestlawn is s.e

City Center. 2020-2024. Not much increase. Is this due to the pandemic where remote work not only became a trend, but also, became part of the new norm?

That's good news. I live in NW Calgary and my house is going on the market in a couple of weeks. I paid $218 back in 1999.

When even realtors finally start to admit corrections are coming that’s when we know it’s happening lol, crash baby crash! We need this to happen, hopefully politicians stay out of it for a while instead of buying votes with terrible policies

I bought a house in Inglewood in 2015, i will be lucky to make $30k on it. My friend bought a townhouse in Sage Hill in 2016. His has gone up $220K. I am the fool for buying inner city.

20 percent overvalued whole of calgary from March 24 highs

This is a very interesting analysis... However, I am not sure it can predict future behavior because the composition of the buyer population has changed, with a greater proportion coming from outside Alberta, and being part of a different generation with different priorities... I think this will result in condos and city centre seeing more demand and price stability going forward, buyers prefering walkable communities with transit, nice parks and amenities (ie city centre and nearby NW/NE areas) over the lonely NW/SE suburbia... But we will see the data in a few more years.

I'd like to see this same exercise done for Edmonton. How much if this effect is "Calgary" and how much is "Alberta"?

My brother just signed a 1 bedroom, 900 sq foot lease in Kits for $2500. $2200 in Calgary for the same quality/ age / parking etc. Vancouver is 10x better than Calgary. Vancouver deserves to be worth more than Calgary rent and real estate. Calgary is over bought and there is soooo much rental inventory that is sitting. We will see rents come down the next 6-12 months and with it prices.

The amount of money you burn every month paying rent to someone outweighs the interest rate. It’s still better to buy a home!

I might inherit a house in Calgary. Should I sell or hold it?

I was wondering, do people pay realtors a fee just to view homes in Alberta?

Calgary is a dumb hole of a city! Just look at the entire downtown core! Especially Steven avenue!

Don't forget to tell these people foreclosures are 260% higher In Ontario, so the price correction in Calgary hasn't even begun. Nobody will be moving here anymore at record numbers. I would say this would go into balance market by november and sellers market by January at this rate.

NW 4 lyfe🤘 (If you have to be here).

Interesting analysis with great data to back it up. The summer of 2013 was particularly tough for the inner-city as the flood impacted thousands of properties. Could this event have impacted your conclusion? Wondering if there is anyway to factor out the flood in a future analysis.

It makes a lot of sense, the NW will always be highly attractive with the views of the mountains, Cttain and ring road access.

NW is the best because they can't all come to Cochrane :)

There will be no crash. Interest rates are dropping, US Federal Reserve will be turning on the money printing machine soon "quantitative easing" and currency devaluing will continue, M2 money supply up, which will make real estate and risk on assets go up up up

The area around the new arena has been an absolute disaster for the last two years for traffic. Now we have two more years of disaster traffic.😢😢

Which areas have the most insurance claims due to weather?

15-19 is NDP that is the reason the price was down very badly. All type price was going up from 20 to now because conservative won so people and investment rushed into AB. The home price in Calgary will be massive increase after Fed election next year.

Thanks for running these data. Very helpful. Love your contents in your channel.

The market will drop 40 percent all over Calgary. It is too inflated prices and not so reasonable anymore. It has to drop or people will not be buying. If no one is buying , they have no choice but to drop the price 40 percent .

How about condo market from 2019 to 2024 which quadrants showed increase in price.. I guess you missed that part Nice video but I felt it is biased towards NW You didn’t mention much about NE townhouse price appreciation from 2019 -2024 and also about condo market

Calgary has seen insane growth over the last 2 years; both in population and in real estate prices. Meanwhile, ontario and BC are experiencing down markets...

What about Airdrie?

How is market value less in Airdrie in comparison to Calgary?

Fun fact there is no crash coming. 30 year amort, and half a point rate decrease next month. Expect 2% rates next year.

The North West is the best part of Calgary. It is the safest, cleanest and the best area to live that will hold it's value

You should make this video again, and compare it! Especially against Calgary prices.

NW has huge growth outlook with the university and healthcare facilities, along with sporting complexes, etc. and densification along with those growth plans. So it isn’t hard to see the value where consistent demand will be around proximity to places of work and study.

Your channel is best in real estate. I like that you show real trends in Calgary real estate prices

and even Trudeau wants to tax that kind of equity.

property taxes, carbon tax impact on insurance, clothing, services, food, utilities, fuel, and heating. We did the math and had to sell and downsize to avoid the carbon tax impact and inflation.

I like your passion.

How about Mahogany, what is pros & cons about this neighbourhood? We are looking at this area. Please shed some light on hear.

What happens to prices is there is 8000+ active listings!

"buyers on the sideline" is a myth. People who want to buy. Want to buy now and today or as soon as possible. The people on the sidelines is a myth as few people have that kind of patience.

The price is going up again this month.

Thanks for the great video. Sorry it might be just for me, but I felt you are suggesting a strong market with strong price gains might be ahead of us which is in contrast with your video last week, kind of?

We're building a new house (downsizing for retirement) and the builder gave us a window of completion between December and March. We had 2 realtors look at our house. They were $40 grand apart on what they think our house will sell for. We'll no doubt be moving twice. We've been in the same house for 25 years and have accumulated lots of stuff. It's a juggling nightmare. So far 4 trips with my truck to the dump and countless trips to Goodwill.

Great video. Also I’m looking at the properties beside the home. If they have the potential to be torn down due to rezoning then it’s a definite no. I’d rather buy a home that I know what to expect from my neighbours.

if anyone can know exactly when to buy or sell, he/she has been billionaire

dont look for perfect decision, suits your family's situation is the best choice

There are a lot of traditional metrics in the video, but what drives some of those metrics are untraditional. For instance, I think the federal governments push to limit international students is going to have a little effect on this, given they make up a lot of renters and some buyers as well. Canada has over 1 million international students, almost double from 5 years ago, and dropping that back down by a few hundred thousand will have an effect on the national and local real estate market, especially damaging to the Ontario market so we could see a little less trickle down from Ontario buyers for a while. Nevertheless, the Calgary secret is out internationally, demand is growing as people that still have the opportunity to come to Canada have growing ethnic communities here and that are becoming a stronger and stronger magnet, and they are seeing the value of lower cost of living and not being stuck in traffic compared to their alternatives!

How common do you think it is to be cashflow positive on investment properties in Calgary these days?

Sales to new listing ratios (SNLR) is almost 0.4 This is a sign ppl are wanting to sell, more sellers than buyers

I believe the prices will not reduce much. The reason is that elections are coming. If conservatives win, they are interested in exporting liquefied gas to Europe and Asia. It will create lots of decent jobs.