Calgary Real Estate Market Update - 2024 Review and 2025 Predictions

[@snrMARYBRUBAKER-v6e]

There can be no doubt that this year is shaping up to be even tougher. When I look back, I see I made poor choices with money last year because I was focused on my investments. I had to decide between adding to my portfolio and buying a house. Selling my stuff made me realize the house needed more repairs than I had planned for. I’m struggling to keep going

[@MICHAELJHAGAN-l6k]

We have all made mistakes, therefore keep it simple

[@RichardGeorge-uj9iu]

Invest in companies with steady cash flow to protect your portfolio. I got an advisor at the end of 2023 to guide me, and in a few months, I’ve gained access to over 50,000 markets. If 2024 has taught us one thing, it’s that luck is temporary. Even in good times, we need to plan for bad ones

[@DANIELSIMPSONnn]

Would you mind telling me about your financial planner??

[@RichardGeorge-uj9iu]

Yes, you are sure to find more information about "June Renae Matthysse" if you search her up online

[@DANIELSIMPSONnn]

Got it. Thank you so much for this useful information

[@njamutohbertrand9318]

Calgary will start catch up with the general drop in prices as is in other provinces across Canada

[@ChamberlainGroup]

What makes you think that?

[@mansurabegum9435]

I live in Calgary. I watched your all videos since beginning. Thanks

[@ChamberlainGroup]

Wow... amazing. Thank you!

[@louisg8389]

Another BANGER!! Long thorough video to kick off the year

[@ChamberlainGroup]

💪 😀

[@barettmac]

Very informative video, I'm a big fan of your presentation style and interpretation of the facts. Thanks for sharing your knowledge.

[@marcgirard7551]

The big gap in the data you are presenting here is that the volumes of sales and listings, etc. aren’t being adjusted for population change. For example, listings in Dec 2024 similar to Dec 2023 but the population in Calgary had been growing aggressively so that works out to a decrease in sales per person in Calgary. The same population increase is why inventory got smashed the last few years.

[@ChamberlainGroup]

It’s true. Great thought. If we’re going that far then we’d need to start adding in all the data of new homes to the market too as this data I’m only pulling is resale market data. There are many reasons and other factors that can be added in that impact the end result. However, the increase of sale numbers over the past number of years is a direct correlation to the growth in our market. Thoughts?

[@marcgirard7551]

@ I didn’t say it before but will now: solid video! I liked it. Agreed … if new home sales not included then you’d want to bring that in and do both that and resale normalized to population growth. The sales volume growing over last year would generally correlate to size of the overall market but can mislead. The better approach would likely be to take total sales volumes times the price of sales to get a number that is more analogous to the “top line” or revenue of a business. Showing both trends and the normalized together gives a more complete picture and starts the process of turning the data into information. If that makes sense?

[@ChamberlainGroup]

@@marcgirard7551 interesting. I’ll have to dig into that.

[@TheKeafun]

Amazing content by the way ! please continue to make these amazing videos!!

[@ChamberlainGroup]

Thank you! Will do! Appreciate the comment

[@christinecamley]

I'm all about the obscure, fascinating stats! Great info/videos as always. Happy New Year! I hope it's great for you and your family!

[@ChamberlainGroup]

Thank you. Yes was a great Christmas and New Years! 🙌

[@christinecamley]

@@ChamberlainGroup Awesome!

[@shuangma3036]

Great infor, like the way you talk the stats. With the rental price soften, any comments for planing to invest a rental property in Calgary in 2025?

[@ChamberlainGroup]

The key is to find a rental that still cash flows.... NEVER buy for appreciation only. Bites you in the rear every time! If you want help and more insights, let's chat here www.chamberlaingroup.ca/contact/

[@stephenn88]

Mama rental market is dead. Carrying cost is way to high and government tax to dead ☠️

[@ChamberlainGroup]

@@stephenn88 not really. Thx for the advice

[@stephenn88]

@@ChamberlainGroup simply inverting in S&P500 is up 25% 2023 and 23% in 2024. NVDA up 170% and Tesla is up 68% in 2024 lot of Calgary “investors” is bleeding with negative cash flow as high interest rates and rent is crashing. 8000 units for rent in the current market.

[@googleusercalgary76]

Very informative video! As you mentioned, the number of properties off listed in Dec is indeed fascinating! Interesting to see how this may increase the inventory next year! Based on unemployment, potential tariffs, and immigration changes, I’m personally bearish.

[@ChamberlainGroup]

Glad it was helpful. Appreciate the comment

[@mojtabaes2744]

Thanks. Very informative. Where can we pull the raw dataset?

[@ChamberlainGroup]

Thank you for the comment. All the data is pulled from the backend of MLS so nothing public that I’m aware of.

[@Woodywowow]

Very good analysis!

[@ChamberlainGroup]

Appreciate this. What was the most informative part for you?

[@moniku4866]

Alberta had a growth population yes, but when those who moved as a result of remote work start to look for work locally, do you think that will affect people leaving eventually?

[@ChamberlainGroup]

It could… hard to say. What do you think?

[@moniku4866]

I don't want the rentals many of us still want to own.... Leave that for YYZ and YVR lol

[@sovereignty14]

4% annual growth is disgusting. I really hope that slows down now that the insane lockdowns & mandates are behind us, across the country (except for Ontario hospitals!).

[@anpc86]

Interesting video, good job working the data

[@ChamberlainGroup]

Thank you. Appreciate you commenting

[@anpc86]

@ what you are doing with the data and crunching the numbers is what I want to see more of across Calgary in all areas, not just rehashing their echo chambers and political rhetoric. Use some analytical capabilities and likely we just need to find comparables from other cities that have gone thru similar growth spurts in population size. I don’t care about the politics but I hope that Wonder Valley in Grande Prairie happens need that type of investment in Alberta to diversify the economy and bring in new jobs and infrastructure.

[@ChamberlainGroup]

@@anpc86 isn’t that insane with Wonder Valley. So fascinating.

[@rasmimantilla1365]

Thanks for the videos in 2024!

[@ChamberlainGroup]

You’re welcome. Thanks for commenting

[@seasun100]

Calgary real estate is at turning point. Calgary metro population will be 3m-3.5m in next 20 years. 2025 is the history year.

[@stephenn88]

Same with jobless number. Record high 😂

[@sovereignty14]

And if the federal government gets it's way, a supermajority of that “growth” will not be natural, sadly.

[@kumailnaqvi5]

Hi, what i think 1st low students as well as PRs, the market will see a hit because a lot of people have already moved to Alberta and the job market is worse than in other provinces, recently my friend said that in Genesis Center they posted on the cleaner job and they got 2000 applications. So in short, i think if people move here and they are unable to find any good job so they cannot qualify for mortgage and they will opt for rent and rental market will get wild while the housing market will stay the same or maybe will see a little dip

[@ChamberlainGroup]

Could be. I think the pace of rentals coming to the market could be great than the need, but it’s hard to nail that down.

[@jozefciszewski2074]

Lot's of people come here commenting that Calgary/Alberta is some kind of dump for garbage. But in reality we are in the best position when comes to housing market. If you don't like it here try east and west coast, and you'll be back faster you ever imagined.

[@ChamberlainGroup]

Agreed!

[@bethmoze]

I was kind of sad when I moved from Toronto 5 ys ago, and when I went there to visit my friends last year, I was counting the minutes to get in a plane back to Calgary.

[@stephenn88]

Toronto and Vancouver are way much better city. Calgary is a tier 3 city the best

[@ChamberlainGroup]

@ sounds like you should make sure you live in a tier 1 or 2 city. Rent is cheaper there.

[@ChamberlainGroup]

@ so interesting. Thanks for sharing. If you’d ever be open to sharing more about your journey please let me know. www.chamberlaingroup.ca/contact/ -Jared

[@arvinaks1137]

Calgary be careful pushy realtors are showing again glorified image

[@ChamberlainGroup]

Interesting. Not sure if you’re talking about me or not, but if so, how am I being pushy here? 🤔

[@JhanduAccount]

What do you think about January

[@ChamberlainGroup]

In what regards?

[@JhanduAccount]

@ for Calgary market sales

[@jozefciszewski2074]

What you need to know, all I can tell you is that we are the west and we are the best 😂

[@ChamberlainGroup]

@@JhanduAccount as in the number of sales? I believe I talk about that in the video. Did you see that in the data?

[@willxplorer]

Calgary real estate market is dead. These data are not in line with reality. Real estate brokers are trying hard to project price increase in other to stimulate people to buy but I don't think so

[@jozefciszewski2074]

You probably living in a matrix times.

[@ChamberlainGroup]

Appreciate your comment and thoughts. The data tells a story and that’s what I’m sharing here. What do you see differently that I’m not seeing? -Jared

[@gerardr4869]

I don't think the amount of people moving into AB will offsett the people moving out or unemployed, combining all the new inventory to be relesed in 2025 and 4% ish mortgage rates. I am guessing there will be no y/y price growth, likely going into the negative. Its just my opinion looking at the same data.

[@ChamberlainGroup]

@@gerardr4869 thanks for the comment. Interesting thoughts. What data do you have for new inventory coming to the market? That’s a hard one to nail down.

[@gerardr4869]

@@ChamberlainGroup shallow utilities intallation to service new lots schedule in 2025. Also, residential building starts that are currently at foundation level.

[@sheilarae354]

Who wants to rent? Very few

[@ChamberlainGroup]

Want to vs have to could be two very different stories.

[@stephenn88]

Renting is much better option 😜

[@ChamberlainGroup]

@ sure… for those that want to rent.

[@darrendeng2437]

Who wants to rent if they have the money to buy? Haha

[@stephenn88]

@ the bank owns it

[@danielgaeta7147]

I enjoy your videos, but I think it's essential to consider the broader economic context in your analysis. While I respect your perspective, my interpretation differs. Factors like rising unemployment, population decline, government changes, and other economic indicators should also be taken into account. Relying solely on real estate data and trends to predict price increases may lead to a biased outlook. In my opinion, Calgary is not immune to the impending real estate correction. As a renter by choice, I've saved enough for a 50% down payment, but my goal is to buy a property outright and avoid mortgage debt if possible. My prediction is that 2025 will be a challenging year for the real estate market, with the high possibility of a buyer's market or, at best, a balanced market.

[@rawjor]

Population is not declining in Calgary, there was a 5% increase yoy in 2024 and 6.2% in 2023. In terms of unemployment we are right around the same unemployment rate before covid hit, but the prices of homes have sky rocketed since then. Its almost as if fundamentals don't matter and the only thing that matter is how much liquidity is in the market (M2 money supply) which increased significantly because of Covid relief.

[@danielgaeta7147]

Yes, but we're talking about predictions here. Low immigration levels will most certainly result in smaller population influx and a possible decline. The population gain is mostly driven by international influx, not inter-provincial migration as many realtors claim. 2023 and 2024 were atypical years with the record-high nonsense level of immigration that JT claimed was ideal for the country.

[@stephenn88]

Rent is way better than owning

[@ChamberlainGroup]

Sure… for those that want to rent. For those that don’t, it isn’t better. 🤷

[@sovereignty14]

You must not have children.

[@stephenn88]

@ owning means own a 30 years mortage not the house. “I’m a mortage owner”👌🏻👌🏻👌🏻

[@getrational9195]

Your videos are great but I don’t appreciate the fake doom and gloom click bait headlines.

[@ChamberlainGroup]

Thanks for the comment. Not sure what you mean? The thumbnail says ‘drop’, which the market has been doing for over 6 months.

[@infillvaluecreation]

By ‘off market’ you are defining this wrong, off market is those who buy and sell without realtors and you don’t like to discuss this ? Why not

[@ChamberlainGroup]

lol. Nope. Off market means home that went off market and didn’t sell. Those not using an agent are self represented. The home those buyers buy could still be ‘on the market’.

[@MarcusLatansa]

The analysis is fully based on a realtor sentiment. No advanced data science aka machine learning applied. Coincidently, realtor analysis the market will always go up lmao I bet this guys does not even know how to use numbers and let statistics tell where prices are going.

[@ChamberlainGroup]

Well… this guy can see your comment. lol. And not sure that ‘advanced data science’ is needed to see what the market is doing. Could you share with me how to do ‘advanced data science’? I’d appreciate that. 🙄

[@sovereignty14]

You think “machine learning” is required to do statistical calculations…!? 🤨