*IMPORTANT!* Are you from Ontario and thinking about investing in the Calgary Real Estate Boom?! Felix and Jaz will be in Markham, ON on Aug 22, 2024 for an in person workshop! Register for this free event now before it fills up! liveinnercityrealestate.com/training-page
Not really. Ask people who paid million dollars and more for downtown condos in 2012-14. Most won't break even today in 2024, even after the crazy run in the last year.
I would say yes in the right area. Like NW Calgary. Rockland park. We bought 2 years ago and already value is up 200k. The City will continue to be hot into 2030.
So if the math adds up, you could buy a detached house for only $600/month more than a semi detached half of a house? Seems like semi detached is a bad deal to me.
Well, if you're able to afford a detached, and the payment is comfortable, go for the detached. Applying this logic, ac couple of hundreds bucks more/month will get you attached garage instead of detached
I do not think so. Oil and Gas in Calgary is not like one day it was. The market here is way more diversified then 10 years ago. Lots of tech companies and other types of jobs nowadays, also people are moving here to have a better quality of life and not just to make money in Oil.
Unemployment is rising. Those who are lucky to find a job are getting barely survival wages. Good luck finding tenants $2000 for a 1BR condo (which the investors are hoping to get for rents). Many new immigrants are leaving and even locals are considering moving elsewhere due to lack of jobs. But no realtors have no time (or skills) to talk about the economy, jobs, CPI. Interest rates? Yes, they talk about it sometimes and have a crystal ball apparently but it needs some fixing. Cuz I've been getting told by many realtors since last year that interest rates will be cut in Jan 2024 and they helpfully advised me to buy before the rates drop. It's nearly May and there have been zero cuts LMAO.
Yea, you're right about the majority of realtors not talking about the economy because their job title and skill set is as a .... realtor (surprise?!) lol Realtors are not economists so holding them accountable for a completely job description doesn't make sense. Experts, even the economists always get it wrong so its good practice to use your best judgement 😆. I hope you find a good team you can lean on one day ... and may they bring some positivity in your life as well lol
@@LiveInnerCity Yeah? Why have you all been advising people "buy now before rates go down next month" and induce a sense of panic? If all you're going to do is unlock the door and talk about how great the layout is, your services do not merit more than $100 per viewing. And that's being generous.
@@LiveInnerCity Nice of you to assume I lack positivity in all aspects of my life, just because you couldn't stomach a couple little truths about your profession. LOL And again, if your job does not have anything to do with the broader economy, then why don't you all stop talking about rates going down soon? Which, by the way, I have been hearing since Aug 2023 - "any day now." It's almost mid-2024 now. Ha ha, never seen so much baloney in one field of work.
There is a reason why this market was shit before. Right now the desperate people from Ontario jumped in, but they will soon realize it was a huge mistake.
This comment is golden. When the housing market in the entire country was on fire in late 2020 and the entirety of 2021, Calgary was struggling. Suddenly, the city has become the hottest market in Canada. Yeah, this is not going to last long. You can bet your farm on that.
Hey bud! looks like you've had some not-so-great experiences with realtors! While some people may have negative experiences with realtors, our role is to guide you through the buying or selling process and advocate for your best interests. There are resources available to help you find a realtor who aligns with your needs. Would you like some information on how to choose a realtor?
hey Ken! thank you for your interest! would u mind providing your email so we can send you info as soon as we have the event? or follow us on Instagram @liveinnercity to be updated :)
*IMPORTANT!* Are you from Ontario and thinking about investing in the Calgary Real Estate Boom?! Felix and Jaz will be in Markham, ON on Aug 22, 2024 for an in person workshop! Register for this free event now before it fills up! liveinnercityrealestate.com/training-page
as a first time home buyer , is it worth buying a condo with our current calgary market just to get into the market?
yes
@namraj27 - Great question jaja! Here is a video message for you 😄- vid.us/s5brq6
Not really. Ask people who paid million dollars and more for downtown condos in 2012-14. Most won't break even today in 2024, even after the crazy run in the last year.
I would say yes in the right area. Like NW Calgary. Rockland park. We bought 2 years ago and already value is up 200k. The City will continue to be hot into 2030.
@@hansmclain6749 Thanks Hans!
So if the math adds up, you could buy a detached house for only $600/month more than a semi detached half of a house? Seems like semi detached is a bad deal to me.
that would depend on the location, square footage, and how much upgrades are included.
@@lyndotin Thanks @lyndotin for the answer! 😄
Well, if you're able to afford a detached, and the payment is comfortable, go for the detached. Applying this logic, ac couple of hundreds bucks more/month will get you attached garage instead of detached
@@tammykrasnova8936 agree!
Thanks for update....👍
Glad it helps!
So, if the oil crashes, Calgary real estate prices will go down?🤔
It's likely, but not guaranteed. Oil prices and Calgary real estate are connected, but other factors can influence the market too.
I do not think so. Oil and Gas in Calgary is not like one day it was. The market here is way more diversified then 10 years ago. Lots of tech companies and other types of jobs nowadays, also people are moving here to have a better quality of life and not just to make money in Oil.
@@allanrocha4647 Thanks Allan!
@@LiveInnerCity Is Allan your alter-ego?
Of course, they will go down. Calgary has been a boom and bust city. Always.
Great info! Lets go Blue Sky City!!
Thanks bud!!!
Unemployment is rising. Those who are lucky to find a job are getting barely survival wages. Good luck finding tenants $2000 for a 1BR condo (which the investors are hoping to get for rents).
Many new immigrants are leaving and even locals are considering moving elsewhere due to lack of jobs. But no realtors have no time (or skills) to talk about the economy, jobs, CPI. Interest rates? Yes, they talk about it sometimes and have a crystal ball apparently but it needs some fixing. Cuz I've been getting told by many realtors since last year that interest rates will be cut in Jan 2024 and they helpfully advised me to buy before the rates drop. It's nearly May and there have been zero cuts LMAO.
Yea, you're right about the majority of realtors not talking about the economy because their job title and skill set is as a .... realtor (surprise?!) lol Realtors are not economists so holding them accountable for a completely job description doesn't make sense. Experts, even the economists always get it wrong so its good practice to use your best judgement 😆. I hope you find a good team you can lean on one day ... and may they bring some positivity in your life as well lol
@@LiveInnerCity Yeah? Why have you all been advising people "buy now before rates go down next month" and induce a sense of panic? If all you're going to do is unlock the door and talk about how great the layout is, your services do not merit more than $100 per viewing. And that's being generous.
@@LiveInnerCity Nice of you to assume I lack positivity in all aspects of my life, just because you couldn't stomach a couple little truths about your profession. LOL
And again, if your job does not have anything to do with the broader economy, then why don't you all stop talking about rates going down soon? Which, by the way, I have been hearing since Aug 2023 - "any day now." It's almost mid-2024 now. Ha ha, never seen so much baloney in one field of work.
From someone who's wasted a month in Calgary trying.
...... Don't bother.
Sorry to hear your experience wasn't the best, what were you trying to achieve in Calgary?
detached, in one the lakes. Its Impossible.
Last offer only had 3 people in it and some idiot decided to bid over 50K+ on it. I'm not doing that.
@@dosm4805 Here's my video message for you :) m.bixel1.net/xphupn
@@LiveInnerCity , appreciate the feedback! We have a new plan of attack now, but it may not involve Calgary anymore is all.
@@dosm4805 No worries at all! wish you the best of luck moving forward.
Workshop
noted!
There is a reason why this market was shit before. Right now the desperate people from Ontario jumped in, but they will soon realize it was a huge mistake.
The market has its ups and downs..
This comment is golden. When the housing market in the entire country was on fire in late 2020 and the entirety of 2021, Calgary was struggling. Suddenly, the city has become the hottest market in Canada. Yeah, this is not going to last long. You can bet your farm on that.
Realtors = Pump and dump experts. LMAO
You have to be nuts to take real estate advice from greedy realtors.
Hey bud! looks like you've had some not-so-great experiences with realtors! While some people may have negative experiences with realtors, our role is to guide you through the buying or selling process and advocate for your best interests. There are resources available to help you find a realtor who aligns with your needs. Would you like some information on how to choose a realtor?
Workshop
Workshop
hey Ken! thank you for your interest! would u mind providing your email so we can send you info as soon as we have the event? or follow us on Instagram @liveinnercity to be updated :)