Is Calgary Real Estate About To Crash? June 2024 Calgary Real Estate Market Update
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- Опубліковано 11 чер 2024
- The last 3 years have been full of massive growth in Calgary's real estate market... but is that all about to change?
We've seen massive amounts of people from BC & Ontario moving to Calgary which has pushed prices up and put the City of Calgary into a housing crisis.
With huge changes such as the blanket rezoning in Calgary, the interest rate drop, and changes in our market conditions - we are going to discuss whether Calgary real estate is about to crash or not.
This is the June 2024 Calgary real estate market update.
Intro - 00:19
Calgary Blanket Rezoning Approval - 00:20
Bank of Canada Interest Rate Drop - 1:25
Sales - 2:21
Inventory & New Listings - 2:34
Months of Supply - 3:18
Calgary Home Prices - 3:47
Advice for Buyers - 6:30
Advice for Investors - 7:37
Advice for Sellers - 8:04
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If you would like more information about what's happening in a specific community in Calgary, shoot me an email at zach@yourcalgaryrealty.com or drop a comment!
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Email - zach@yourcalgaryrealty.com
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Zach Schultz is a Calgary Realtor in Alberta, Canada.
As your Calgary Real Estate Agent of choice, I am here to prepare you for all your Calgary Real Estate needs. I provide my best tips and tricks for home buyers, sellers, and investors looking in the Calgary Real Estate Market. I also dive into Calgary Communities, Home Tours, and Calgary Lifestyle so that you know what to expect before you jump into the Calgary market.
If you want me to cover a specific real estate topic or just have a question, please type it in the video comments below.
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Super helpful updates in Calgary! I loved how organized and detailed the video is!
Thank you so much, I really appreciate it 😁
Great video Zach! Very informative. I’m now curious about what a townhouse is.
Great !
Thanks Jerry, appreciate it!!
You are correct that most people who participated in the Council deliberations are against blanket rezoning, which will be a top election issue in 2025; it's not over. When you buy a home in a particularly zoned neighbourhood, you make a contract with the City's zoning there; individual properties can certainly be renegotiated, not blanket rezoning that undermines your contract.
It doesnt make it illegal to have a single detached thus it has no impact whatsoever on your existing contract. You dont get to dictate what others do with their property, get over yourself
@@ilhan1936 , when you buy property, you buy the zoning-from industrial, to commerical, to residential and all the categories in between. In residential, when you buy, you buy the zoning of the neighbourhood in your real-estate contract and, of course, you have a say in whether your neighbour wants to change their structure type & density. If you don't want to live in a zoned neighbourhood, go live in a rural area.
P.S. To strangers, I won't use blindly offensive phrases like, “get over yourself”.
@@sovereignty14 yes my friend, I do re-zoning applications and architectural design for a living. So unless you are the Zoning Policy Regulator and planning to change it, you are wrong. Zoning changes all the time, if it was the way you describe it, nothing could be ever built. The difference is, for each change, the tax payer has to pay for the process through municipal taxes where it is almost a guarantee to pass as long as the proposal is lawful. Blanket rezoning means that you wont have to do the same process over and over where the outcome is same either way, it is less money and time spent on the same outcome. Your neighbour could go tomorrow and rezone their land if they wanted to, you can refuse but that doesnt mean it wont go through. So, if you dont understand how something works, maybe keep your opinion to yourself
@@ilhan1936 , then why has zoning ever existed…?? As we've all (most) found out these past few years, there are many rules on the books that appear one way and allegedly mean another or mean nothing at all-that is what must change.
Regardless, the current rules allow neighbours to speak and blanket rezoning is essentially silencing.
@@sovereignty14 I can explain to you why zoning exists, it exists as a baseline legal framework for how the city is planned. It is meant as a baseline not an absolute. As cities grow, the zoning and city planning adapt to the changing needs of the city. For example, in its inception Ramsay neighborhood could have been seen as an Industrial area with worker cottages but in 2024 it is considered more residential than industrial, so the chicken farm goes away, more houses get built etc. If your logic was correct, there would still be slaughterhouses in Ramsay and would cause unpleasant effects for downtown since it is so close to DT. Blanket zoning has nothing to do with silencing people, you could and still can participate at Development Permit level which is what matters more anyway. It is rare that rezoning applications would be turned down despite your belief in it (given that a proposal is reasonable and not a 1 mile long tower or something of course). All that being said, just because you have an opinion on what your neighbour can do, doesnt mean your opinion overwrites their ownership and sovereignty of their own property. So if you care so much about peoples rights, you should be arguing for less red-tape not more. There is huge irony in your stance. Rezoning doesnt prohibiti single houses, it enables more options. If you dont understand this simple concept, I cant help you more in understanding it.
I eat blanket
Me too