What Neighbourhoods Should Grow in Calgary in the Coming Years?

[@ChamberlainGroup]

View all Growth Areas in Calgary Here: www.chamberlaingroup.ca/blog/growth-areas-in-calgary.html

[@Grey_Matter_Classic]

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[@didafm]

Calgary has seen over 10 years worth of Appreciation in 2 years... Honestly expect a pull back in prices as inventory levels rise...

[@Stocktiger565]

Don't worry all inventory will be taken and again migrates will need more shit in town. Prices just taking breather right now after a big run. But will keep going up don't you worry

[@didafm]

@@Stocktiger565" yes to the moon- prices to the moon" your local realtor who needs to make is $1500/ car payment

[@janirobe]

@@Stocktiger565 you know it's possible for migrants to stop coming? Did you know that migrants can't pack into condos like they can houses? all the new developments are condos

[@barettmac]

This is true, but for 7 years between 2014 and 2021 home prices were basically flat according to CREA HPI index. So that would actually be 10 years of growth over 9 years, flat for 7 years and growing like gangbusters for 2 years.

[@didafm]

@@barettmac yeah but Calgary and Alberta are heavily dependent on economy and oil. Which is up and down.

[@darbirhian]

You talked about our community ❤ We bought our townhouse for far less than average price a couple years ago. We love it here and we're very happy!!

[@aleksandrsynyavskyy6262]

hi. no matter where most important get good job first

[@didafm]

💯

[@Stocktiger565]

@@aleksandrsynyavskyy6262 more and more work for company in Toronto but work at home in calgary lol. It's fine.

[@karimkalache712]

Wahey my neighbourhood made the list, great views up here for sure. Close to memorial, barlow, deer foot. Close to Franklin station too. Everything getting snapped up here and turned into town homes.

[@robertguay3773]

Probably none in the next 5 years, these prices are crazy and it will take awhile for wages to come up. Probably the smaller houses will lose the least or have a bit of gain and the high priced houses will probably drop for a bit before rebounding. I would bet you will see some really good opportunities to upgrade in the next 5 years as things start to correct.

[@marcof4679]

I believe once all the inventory is absorbed prices will continue to grow

[@karimkalache712]

They're building new inventory in North south East and west of Calgary.

[@robertguay3773]

There is hardly any inventory right now it is some of the lowest since 2007. In my neighborhood everything sells in a week or less.

[@karimkalache712]

@@robertguay3773 houses and lots sit longer where I am, guessing your in a better part of town than me

[@mattmclaughlin2504]

​@@robertguay3773 wow you should actually read up on this information before posting it. Inventory is up over 100 percent since the spring

[@nishantgupta1735]

How is Silver spruce and silverton in down south next to McLeod and Stonie ? Would the prices go there

[@ssingh6768]

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

[@bharatpuri74]

Surprisingly no Alpine Park and Vermillion Hills.

[@NgaNguyen-li3pf]

Really nothing in sw area? Thanks

[@didafm]

To answer your video title. Calgary is going to be flat for the next 10 years. Too much price growth too fast.

[@simranjeetmatharoo3953]

I don't see any appreciation, but at least 10-20 percent correction by next year end. No jobs in Calgary, prices are now only 30-40 percent cheaper than GTA, used to be 3 times.

[@Stocktiger565]

Keep dreaming pal

[@janirobe]

@@Stocktiger565 lol the closer it get to toronto in cost... the worse it is for calgary.... and if Toronto keeps dropping like a rock...

[@Stocktiger565]

Doesn't matter how much toronto drops there is a still a huge gap between the 2 cities and we have much more people moving to Calgary still bcuz they know it's still a good deal.

[@janirobe]

@@Stocktiger565 so you admit that once calgary stops being a good deal, it will crash

[@didafm]

@@Stocktiger565 it sounds like you bought recently, at the top of the market bud....

[@kshitiz5002]

What about Belmont area?

[@didafm]

Calgary doesn't have enough jobs to maintain these high price levels

[@marcuslatansa4202]

I agree, I kee saying it but realtors of course always try to sell the upwards pressure

[@ChillDD11]

When looking at a time span of over a year, it's all just noise. Many don't have mortgages in Canada and sitting on lots of wealth. Calgary remains one of the best places to live in North America. I expect a 15% correction over the next year, but when looking at 5 years from now, I am certain homes will be at least 50% higher than now...lots of Asia money still to come to Canada, and Calgary is top 3 places for this money to move to. This is a great city!

[@didafm]

@@ChillDD11 what your saying makes no sense. Because for that to happen rents would go up another 30-40% which would be higher then Vancouver and Toronto which doesn't make any sense. Also wages are to low to support today prices let alone a 50% increase. I agree with a 15% decrease in the next 2 years. But I expect prices to remain flat for the next 10 years. For prices to go up more we need higher wages.

[@ChillDD11]

@@didafm Very interesting, I respect your opinion :) The worlds economy is showing huge problems everywhere, and the governments will take the easy way and increase money supply by 50% over the next 5 years to keep kicking the can down the road. Hence wages will have to go up, and assets will continue to win big time as well as result.

[@didafm]

@@ChillDD11 you must be in the top 20% of people who are doing very well. But be very careful. The probability for a recession( we are already in one) Is very high. The other 80% of people are holding on for dear life....there is a ceiling to everything before people say enough is enough...it all sounds great when the top 20% of people are doing great but be careful.

[@Carlg26]

Glendale SW?