Which Calgary neighbourhoods will weather looming market changes?

[@Redneckboy991]

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.

[@j.f.32]

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.

[@upsidedownside99]

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.

[@mikek866]

Transit is also solid. Not affected by the greenline mess

[@user-gi1gz1om7h]

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

[@ChamberlainGroup]

Glad you enjoy it!

[@Yorpy32]

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

[@mkyhou1160]

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

[@PaulBryden]

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.

[@ChamberlainGroup]

Thanks for watching! These numbers were for 2014 onwards and I don't see there being a significant impact in them that would change the data.

[@didafm]

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...

[@FamilyCheung-kc1pw]

It is called cyclical market . You will see this reverse in coming year .

[@crowdome]

Markets go up and they go down. People who own houses like to pretend that's not true..

[@didafm]

@@FamilyCheung-kc1pw yes

[@simranjeetmatharoo3953]

20 percent overvalued whole of calgary from March 24 highs

[@martinignatiusbernardo1751]

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?

[@sujeet7485]

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

[@ChamberlainGroup]

Great question. Lets chat here so we can get more details about what you’re looking for and we can help get that info to you www.chamberlaingroup.ca/contact/

[@didafm]

Because Airdrie gets hail storms and doesn't have any parks

[@333KINGPIN33]

Because airdrie is a bedroom community.

[@Redneckboy991]

Because Airdrie is just a town you drive through to get to Red Deer and Edmonton.

[@blackbirdbeatle]

NW 4 lyfe🤘 (If you have to be here).

[@MANISH-TheGregariousGuy]

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

[@ChamberlainGroup]

I’m certain that was shown in the video. Biased thoughts come from the results of the numbers showing what I found. Inner city condos are the same price since 2014. Thanks for sharing.

[@pixelabstract1571]

Probably you need to connect new immigrants and understand their motives such as family ties, transportation and education.

[@The_Saxon_of_Riverstone]

Which areas have the most insurance claims due to weather?

[@miltonfriedman7349]

The north half of the city seems to be hit by extreme weather almost every year, You're much better off to buy in the southern half of Calgary.

[@ChamberlainGroup]

Personally, the weather isn't that big of a difference... buy what's best for you not for number of storms.

[@miltonfriedman7349]

@@ChamberlainGroup Every single major hailstorm in the last 10 years hit north Calgary disproportionally. Unless you're buying a brick house and don't have a vehicle you would be crazy to buy in the north.

[@ChamberlainGroup]

@@miltonfriedman7349 that sounds like the best thing to do for you then. Appreciate the comment.

[@miltonfriedman7349]

@@ChamberlainGroup It was the best thing to do for me you're right! Can you give me an example of someone who it wouldn't be right for? Is there a demographic that benefits from hailstorms that I might be unaware of that as a Real Estate Agent you are more familiar with?

[@jellyfishesshaynablake5290]

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.

[@ChamberlainGroup]

That is WILD… I’m so sorry to hear this. The market has adjusted in so many ways that hasn’t made sense.

[@darioz5894]

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

[@mikebak6048]

LOL yes and people are still loaded? Economy going to shit buddy. Sorry, but you may as well sell right now before you carry a bag for too long.

[@philip1065]

@@mikebak6048people are delusional lol

[@Lally-l2n]

Prices will crash like we’ve never seen. People are broke. The gig is over. The everything bubble

[@philip1065]

@@Lally-l2n here’s hoping

[@Trapsan7]

What about Airdrie?

[@ChamberlainGroup]

What would you like to know?

[@didafm]

Airdrie has ridiculous traffic going into Calgary and back into Airdrie around rush hour. Avoid

[@deank.4169]

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

[@empireinvest2118]

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

[@ChamberlainGroup]

Fun fact. I agree. There isn’t a crash but a correction and slow down. 30 yr amortization is only for first time buyers not everyone starting dec 15. Thanks for sharing.

[@didafm]

Unfortunately the market never goes up forever. Calgary has had an insane last 2 years to say the least. Nothing goes on forever. And it would be foolish to assume the same growth will persist.

[@tsiddiq23]

​@@ChamberlainGroupdo you think a correction is coming soon?

[@marcuslatansa4202]

@@tsiddiq23a correction isnalready happening. Next 2 years expect a good correction

[@j.f.32]

​@@ChamberlainGroupCorrection? I find that hard to imagine considering demand... Unless there is an economic crisis, 2025-2027 will see more hikes in benchmark prices.

[@philip1065]

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

[@ChamberlainGroup]

Interesting comment... what is the reason we need a crash to happen in your persepctive?

[@philip1065]

@@ChamberlainGroup because prices are completely obscene, owning a home is completely out of reach for many. Affordability is more than just rate. A cooler market leaves more cash flow for homeowners to afford other aspects of life. Even at 1% interest a mortgage on a 700k home is still extremely burdensome for most.

[@ChamberlainGroup]

@@philip1065 I’m not disagreeing with you, I just don’t think we’ll see drops like you’re expecting from some of your previous comments.

[@philip1065]

@@ChamberlainGroup not expecting 30% drop, we need it but the govt won’t let that happen, the market needs to correct itself but it isn’t left alone and it just compounds. When all the boomers move into retirement homes it will also cause an influx of inventory too. Economy is in trouble though which is emblematic of our entire country at the moment. Things could change but if we maintain course there is a wreck coming

[@Lally-l2n]

@@ChamberlainGroupso people can afford to exist & live again?

[@mikebak6048]

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.

[@ChamberlainGroup]

Oh interesting. I'd love to see the stats you're looking at as foreclosure stats are good to look at the total market share vs just a percentage. Fire over the link. Thanks.

[@gerardr4869]

I don't know about foreclosures but insolvency files have nearly double from 2023 to 2024 for a trustee here in Calgary. Unless the competition is not taking clients, I would say bankruptcy files are increasing. I believe AB statitistics has data for bankruptcies, I remember the highest was in 2010 after the crash in 2007.

[@seasun100]

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.

[@stephenn88]

Oil prices are coming down so hard and so fast

[@googleusercalgary76]

The reason was crude oil price crash from Q4 14- 20 not government. Very simple to understand.

[@seasun100]

@@googleusercalgary76 there is nothing about oil price. the average oil price was around $70 during 15-19 time which is decent price for oil industry.

[@stephenn88]

@@seasun100 it is all about oil price so keep dreaming

[@marcuslatansa4202]

Economy is based on oil. Expect a huge downturn in real state and upwards pressure in unemployment. Currently calgary has already biggest unemployment rate, it will only get worse

[@albertatundra]

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

[@miltonfriedman7349]

Unfortunately that is untrue. The Southwest has the most expensive homes, highest ranked schools and cleanest neighborhoods. The Northwest has consistently been rated as the 2nd best part of Calgary.

[@didafm]

There is no universal best part of Calgary. It largely depends on your personal situation

[@miltonfriedman7349]

@@didafm If your personal situation is that you want to avoid crime, poverty, litter and massive hail damage you want to be in the S.W.

[@glenb1869]

For me, Lake communities in SE. Almost all are great...perhaps except Mahogany.

[@didafm]

@@glenb1869 what sucks about mahogany

[@2john149]

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 .

[@tsiddiq23]

But people are still buying and prices are not coming down

[@miltonfriedman7349]

Unless Calgary is hit by a giant meteor at some point, house prices are not going to drop 40%. At no point in the history of our city have home prices ever dropped 40%. There is exactly zero chance of house prices in Calgary dropping 40%. Most adults in Calgary with fulltime jobs can afford to own homes. Houses in our city are very affordable relative to other large Canadian cities.

[@hawklutz]

That's how much prices increased in the last 4 years. It will be just a correction to the 2019-20 levels.

[@didafm]

@@tsiddiq23 because inventory levels are still low. It's Ontario money buying not locals.

[@didafm]

@@miltonfriedman7349umm yeah they won't drop 40%. But a 10,15,20% correction is entirely possible....also the only reason people in Calgary with full time jobs own homes is because they bought before 2020. Young people cannot afford to buy a single family home at the prices. Possibly an apartment or townhouse if you have 20% down and a high paying job And married. Single income young people are most defiantly not able to buy