Toronto and Vancouver proper prices are one thing, but greater Toronto and the lower mainland Vancouver are another, prices are dropping steadily. Calgary is now creeping up into their price ranges and i cant see that being sustainable. To be fairi think we should be comparing price and affordable charts with those two other regions. Oil price is destined to drop large next year and we all know what that means for Calgary. With interest rates dropping people will no longer move as before , the interprovincial migration boom to Calgary will be at higher risk. It will be interesting to watch and see if the bust plays out.
Generally speaking Alberta hasn't been as regulated to start builds as compared to the red tape in BC/ON, especially the past 5-9 years. That said, how much of the reduced housing starts especially in AB are due to builders purposefully decreasing supply in an effort to drive up prices/profits?
I think the chart reads AB starts aren’t lower… not only is there red tape there’s also land availability issues in other provinces that hasn’t been here too.
They can be, however in a changing market whether up or down they may not be accurate. We have another tool we can set you up on that gives great insights. If you want to know more just connect here www.chamberlaingroup.ca/contact/ -Jared
Hey Jared, Thanks for the content. Although I don't fully agree with your analysis, I respect your opinion. I see other factors playing an important role in the real estate equation. Among them, the imigration cap and the consequent high level of rentals vacant. Why is it so hard for realtors to admit the market will cool down and prices will decline?
Thanks for sharing. I have no problem saying the market can cool down. I just don’t think it will cool as much as some are thinking. It will possibly be flat, but decline and drop a lot I just don’t see that happening.
Hi Jared, unrelated comment to real estate… I was at Bearspaw about a month ago. I’m new to Calgary. Was that you on the stage playing the guitar? I wasn’t sure but the gentleman looked like you 😊. If so, you did well! Well done!
With the continued high unemployment rate (7.7%) in Calgary and relatively weak crude oil price, do you see any negative impacts on overall real estate market in Calgary?
I think people have to realize as long as its enjoyable experience to live in Calgary, prices will go up. Our economy is decent, its very safe compared to the other canadian cities and we are not even close to their commute times. Learn economics and see the history of other cities and you can gauage where calgary is at in terms of its maturity as a major city in Canada
@ I’m not an economist, so nothing intellectual being provided by me in UA-cam comments, because it’s UA-cam comments. IMHO basic concept of supply and demand. I think there’s going to continue to be demand here, prices go up. When there is no demand, prices will go down. Yeah there’s a lot more factors going into than that … but it’s UA-cam comments
Not sure the reason the the 80s? Interest rates bruh. Don't fade the bond markets signaling recession along with rising unemployment.. Saying this as someone who just purchased a home
Like your input on something. I'm an investor, I have an opportunity to buy 12 townhouse condos from a retiring investor in calgary. As a rule I dont like condos, I'd like to fix them and sell them when leases come due within the next year or so. What are your thoughts on if the market will stay high over next 12 to 24 mos.
@@Gemaniacal I had answered with all details and explained an statistical model I run .. but apparently they did not want customers to see my explanation and deleted my comment
The video production is really top notch, nice editing.
Thank you for the comment and noticing… Much appreciated!
Toronto and Vancouver proper prices are one thing, but greater Toronto and the lower mainland Vancouver are another, prices are dropping steadily. Calgary is now creeping up into their price ranges and i cant see that being sustainable. To be fairi think we should be comparing price and affordable charts with those two other regions. Oil price is destined to drop large next year and we all know what that means for Calgary. With interest rates dropping people will no longer move as before , the interprovincial migration boom to Calgary will be at higher risk. It will be interesting to watch and see if the bust plays out.
You get roasted every video for literally no reason lol. Keep it up!
😂 appreciate this. Thank you! I think some people just like to throw mud for fun!
Man, I gotta say I love how you have these setup. May I ask what you are using for video / editing tools? Especially for the iPad screen captures!
Thank you! I have an editor now, but myself I use Final Cut and just screen record on the ipad! Appreciate you watching.
Generally speaking Alberta hasn't been as regulated to start builds as compared to the red tape in BC/ON, especially the past 5-9 years.
That said, how much of the reduced housing starts especially in AB are due to builders purposefully decreasing supply in an effort to drive up prices/profits?
I think the chart reads AB starts aren’t lower… not only is there red tape there’s also land availability issues in other provinces that hasn’t been here too.
Hi and thank you for the informative topics. My question is what are your thoughts on websites like Honest door. Are they realistic?
They can be, however in a changing market whether up or down they may not be accurate. We have another tool we can set you up on that gives great insights. If you want to know more just connect here www.chamberlaingroup.ca/contact/ -Jared
I still believe Calgary has a huge potential for investors. Thanks for this video, it is very informative
Great market update!
Appreciate that! Thank you for taking time to comment.
Hey Jared,
Thanks for the content. Although I don't fully agree with your analysis, I respect your opinion. I see other factors playing an important role in the real estate equation. Among them, the imigration cap and the consequent high level of rentals vacant.
Why is it so hard for realtors to admit the market will cool down and prices will decline?
Thanks for sharing. I have no problem saying the market can cool down. I just don’t think it will cool as much as some are thinking. It will possibly be flat, but decline and drop a lot I just don’t see that happening.
Hi Jared, unrelated comment to real estate… I was at Bearspaw about a month ago. I’m new to Calgary. Was that you on the stage playing the guitar? I wasn’t sure but the gentleman looked like you 😊. If so, you did well! Well done!
Yes it was me! Thank you 🙏🏼 😀
@@wlem99 say hi next time you’re there!
With the continued high unemployment rate (7.7%) in Calgary and relatively weak crude oil price, do you see any negative impacts on overall real estate market in Calgary?
I think people have to realize as long as its enjoyable experience to live in Calgary, prices will go up. Our economy is decent, its very safe compared to the other canadian cities and we are not even close to their commute times.
Learn economics and see the history of other cities and you can gauage where calgary is at in terms of its maturity as a major city in Canada
It's funny when you tell others to learn economics when your comment is completely flawed and based on UA-cam videos.
P.S.: I'm an economist.
@ I’m not an economist, so nothing intellectual being provided by me in UA-cam comments, because it’s UA-cam comments.
IMHO basic concept of supply and demand. I think there’s going to continue to be demand here, prices go up. When there is no demand, prices will go down. Yeah there’s a lot more factors going into than that … but it’s UA-cam comments
Not sure the reason the the 80s? Interest rates bruh. Don't fade the bond markets signaling recession along with rising unemployment..
Saying this as someone who just purchased a home
樓房快崩盤了，趕緊買賣吧，把握最後的逃生缺口吧😂
Like your input on something. I'm an investor, I have an opportunity to buy 12 townhouse condos from a retiring investor in calgary. As a rule I dont like condos, I'd like to fix them and sell them when leases come due within the next year or so. What are your thoughts on if the market will stay high over next 12 to 24 mos.
It’s hard to say as each community and area of the city is different.
The analysis is terrible, I dont see any use of statistics to predict the price just assumptions from a realtor …
What’s your ‘prediction’ then?
You clearly didn't watch the video, Eyore.
@@Gemaniacal I had answered with all details and explained an statistical model I run .. but apparently they did not want customers to see my explanation and deleted my comment
Not true 😂 you haven’t posted anything!
@@marcuslatansa4202 Gimme a break. Go do something with your life.