Alberta has seen an influx of people but the job situation is another story. I recently met an Uber driver from Ontario who bought 2 condos in Calgary ( 1 for living and one for investing) . He is living on a prayer that this is the right move. He did mention that his income here is not the same as Toronto and doesn’t know how long he will be able afford to live here with the income situation. Healthcare is also an issue as his child needs it. A lot of people became homeowners in Alberta due to affordable but the jobs and other infrastructure needs to match the demands to continue to make it an attractive option.
@Pink-Sushi-jpАй бұрын
In Vancouver and Toronto, investors are unloading condos, so the big jump in inventory. The freeholds are actually doing quite well. Calgary does not have the same overbuild problem in the condos.
@ChamberlainGroup24 күн бұрын
@@Pink-Sushi-jp true.
@usu33624 күн бұрын
That trands move to Edmonton. It is too expensive in Calgary. Also, investors move to Edmonton too
@Yelllowchild727 күн бұрын
11% y/y over the last 4 years isn’t sustainable, with detached prices catching up to suburbs of the GTA/ GVA and unemployment rising to almost 9%. Calgary isn’t cheap anymore. This wasn’t the case when detached units were $450k. Now it’s closer to $700k
@bokz4482Ай бұрын
Calgary's hype was caused by Toronto and Vancouver getting ridicoulusly overpriced. But now that prices in those places are starting to crash people who moved to Calgary and experienced extreme cold, hail, power outage and water outage will inevitably would want out, 2025 and 2026 will be fun for Calgary.
@ChamberlainGroup29 күн бұрын
Ahh… see that’s where you may not understand fully what’s going on. Appreciate the comment and you watching! 🙌
@BowtieJDP27 күн бұрын
Toronto can’t handle any rain without it flooding. Van city is still outrageously expensive. Calgary isn’t perfect but it’s a relatively affordable place to live in Canada.
@erichardca26 күн бұрын
Ahhhh ignorance is bliss my friend.
@bokz448225 күн бұрын
If my livelihood depends on how real estate performs of course I’d like to make it look and sound as good as possible. At the end of the day the major contributor to a stable market is the economy. Keep fooling yourselves for now, we’ll see when mortgages renew in the next two years.
@ChamberlainGroup24 күн бұрын
@@bokz4482 Thanks for sharing.
@user-iz1uv8jq3j7 күн бұрын
based on a machine learning algorithm, expect 20-30% correction in Calgary over the next 10 months. If you are going to buy, just wait and enjoy the discounts.
@ChamberlainGroup7 күн бұрын
Interesting. 🤔 what data are you feeding it? (And what is ‘it’?)
@mtransport2144Ай бұрын
How many listings got sold out of the 4000? How many relisted? How many overpriced? That are not selling
@ChamberlainGroupАй бұрын
Great questions. Don’t have the data in front of me to pull it up.
@JBM101Ай бұрын
I am taking the course and Raman gill says the data is there… how many were sold and went to pending but dropped and got relisted… can you find that data … that should tell us if the good times are over if the % is gettinghigher?
@jozefciszewski2074Ай бұрын
It doesn't matter,overall the Calgary real estate market remains strong. Those small details U asking are not important. @@JBM101
@alexandremorales559028 күн бұрын
Thanks for sharing all this great data
@ChamberlainGroup28 күн бұрын
You’re welcome. If we can help you in any way just let us know www.chamberlaingroup.ca/contact/
@maksingh3513Ай бұрын
Unrealistic expectations of sellers is just funny ATM . And don’t even get me started about condo prices.
@Yelllowchild727 күн бұрын
Signs are showing that the Calgary market has already peaked in May 2024. Since then, median & average detached home prices have come down. $690k/$790k. Sales has gone down, listings are up. 2 weeks ago, two of my friends listed in the northwest ($770k) a detached unit with peak prices from May 2024, they have had no offers after 2 weeks. If this was listed in May, unit would be gone in less than 5 days with multiple offers. Price drop to $740k… A great leading indicator of housing is rental vacancy, it was 1.4 % in 2023, since then it has gone up to 2%+, compared to chmc forecast of 1%. Many listing on rent faster, and it’s building up with all the new starts finishing. But no one is buying.
@pumkinliuАй бұрын
Hi love your videos! A friend of mine just asked me about Arrebella townhouse development. In your opinion is it in a good location?
@ChamberlainGroup29 күн бұрын
Have your friend connect with us here and we can advise properly www.chamberlaingroup.ca/contact/
@lregier306326 күн бұрын
So everyone is renting is that why rental inventory is up 30% in 70 days....
@seanpower159526 күн бұрын
Summer slump feels like a summer crash
@user-rc3pd7hk6cАй бұрын
Do you cover smaller towns.up to a hour outside calgary?
@ChamberlainGroup29 күн бұрын
Our team has helped in these areas. We can chat here and find out all the details www.chamberlaingroup.ca/contact/ -Jared
@keeahn480Ай бұрын
Still 2:0 for this year. I wonder what happens next year... 😮😮😮
@JBM101Ай бұрын
We are slowly coming into a balanced market and a lot of sellers are still trying to get out of the market with high prices…many realtors are not helping.
@freeaudiobooks7469Ай бұрын
Poojeets will out pace supply. You're a clown if you think balance will ever be achieved
@ChamberlainGroup29 күн бұрын
Yes. Many agents don’t look at the data and where the markets going. But rather focus on what happened
@billyt3130Ай бұрын
Fomo is dead
@ChamberlainGroup29 күн бұрын
There is still some that have it.. because they think they missed the price increases. There’s more to come.
@foofighter303Ай бұрын
Will your mayor telling you every day to reduce your water usage affect listings? 😋
@ChamberlainGroup29 күн бұрын
I doubt it. It could become annoying for sure hearing the reminders I’m sure.
@JakeDoingStuff29 күн бұрын
Wait you think people are going to stop coming here? Ummmm. I guess you missed the memo that Danielle Smith recently stated. She wants to double Alberta's population to 10 million. Calgary will no doubt absorb the bulk of that on a percentage basis. Because who the hell wants to live in Edmonton.
@mstt353029 күн бұрын
Calgary will continue to expand, that’s not a bad thing. Have you seen what going on in Seton?
@ChamberlainGroup29 күн бұрын
Don’t think people will stop coming, I think it will be at a more manageable pace.
@JakeDoingStuff29 күн бұрын
@@ChamberlainGroupright. I got you. But if the population is going to be purposely planned to double. I'm just not sure how that's going to be manageable. It's definitely going to require some serious planning to be able to absorb that. She wants Red deer over 1 million. That's 10x it's current size. This is a problem that is going to need some serious figuring out. If it's to actualize.
@mattmclaughlin250426 күн бұрын
I don't want to be that guy but ya we are not different. The Canadian housing market is a house of cards with Vancouver and Toronto pushing prices up around the country. Investors make up roughly 70 percent of the condo market. Investors are leaving as the taxes and foreign buyer ban has tamed the market and if you really want to get to the real catalyst for the house of cards it's Chinese money. I dare you to google "China housing market collapse" This is going to be a quiet revolt against investors until the market becomes reasonable. Why not just rent at this stage when buying high is such a big risk? I'm selling my place next week cause it's too big for me and other reasons but my goodness I feel even better about selling it for the reasons I just listed
@ChamberlainGroup24 күн бұрын
I don’t think you are that guy! Everything you said here could be very accurate. And because of it, it created a slight difference in our market compared to BC and Ontario. Will our market be strong and outlast them forever? No. But it has so far. Appreciate the comment 🙌
@JeffSSartorАй бұрын
Lol. If you dont think everyone that uses your services hates you, youre not being honest with yourself as a Realtor Not only do your customers hate you. Every single person does
@ChamberlainGroup29 күн бұрын
I have no clue what you’re talking about here. 🫶
@2john1494 күн бұрын
No jobs available here hahaha . People are leaving, overpriced houses. Can't wait to see 2025. Investors are not investing ...😂😂😂😂😂
@ChamberlainGroup4 күн бұрын
Thanks for sharing. Will this be a good thing or bad thing for you if this was to happen this way?