Calgary Real Estate Market - 2021 and beyond

William W wrote: ↑ Not exactly detached, but a brand new 3br + Den TH for $350k.
https://rohitcommunities.com/edmonton/a ... k-place-sw

And if you want single and brand new, you will have to pay $40k more.
https://www.sterlingedmonton.com/quick- ... -p4-10072/

I am contemplating selling everything in Ontario and take an early retirement to move out to Alberta.

masarwar wrote: ↑ What is your field?

Yorker86 wrote: ↑ And why not? If you can cash out a house here in AB and still have a surplus of say $300k+, it’s worth it. I mean how long do you think it would take you to save up that kind of money living where you live? 10 years? 20 years? 30 years? I have a good idea of how these things work. Life hits you out of nowhere and while you think you’re making a lot of $$$, it goes towards something else.

I’ve got a friend in the GTA who works like a madman and he’s got a $100k saved up. He’s waiting on the housing market to crash so he can buy a house for him and his family. I told him, you’re 37 years old man, you got a $100k in the bank. You can’t afford anything now in the GTA. How long is it gonna take you to save up another $100k, another 37 years? You’re gonna be 74 years old by then and how much do you think that $200k is going to be worth?

Probably doesn’t apply to you but like I said, it is mind boggling to me at just how much people choose to struggle just to stay in one area of the country.

Yorker86 wrote: ↑ And why not? If you can cash out a house here in AB and still have a surplus of say $300k+, it’s worth it. I mean how long do you think it would take you to save up that kind of money living where you live? 10 years? 20 years? 30 years? I have a good idea of how these things work. Life hits you out of nowhere and while you think you’re making a lot of $$$, it goes towards something else.

I’ve got a friend in the GTA who works like a madman and he’s got a $100k saved up. He’s waiting on the housing market to crash so he can buy a house for him and his family. I told him, you’re 37 years old man, you got a $100k in the bank. You can’t afford anything now in the GTA. How long is it gonna take you to save up another $100k, another 37 years? You’re gonna be 74 years old by then and how much do you think that $200k is going to be worth?

Probably doesn’t apply to you but like I said, it is mind boggling to me at just how much people choose to struggle just to stay in one area of the country.

xiaobao wrote: ↑ I know many like this), lots of them are in a relationship and seems like 1 wants to move to AB and the other does not. I know 2 different couples, where both the guys wanted to move but the woman don't because they are scared of the snow (though their lifestyle is more shopping, staying at home watching TV and etc)

First couple are living in what looks to be an old 1 or maybe 2 bedroom condo in metro Vancouver and are hoping to buy a townhouse next year when the market crashes as the interest rates are too high for them right now and they can't afford to buy.

The second couple again is waiting for a market crash and all the places they liked they tried to buy, they put super low ball offers for like 100-200K less than asking...of course the seller told them to pound sand.

Now the place they rent the owner is trying to sell, so it means they will probably have to find another rental till they finally. I don't know if it will be anytime soon as they are in the camp big market crash going to happen. If they do buy it sounds like they will have a 600-800K mortgage.

The 3rd person I know, they have 2 kids now and both have lower paying jobs (one I think is maybe $18/hr and the other best case $25/hr....but right now she only wants to work part-time after getting off full maternity leave) and they just had to move to a 2-bedroom condo and are paying like $2500 a month now and are complaining how they got no money at the end of the month.

Yet still does not want to move to AB and probably in a year or 2 could own their own 2bedroom condo.

But they rather rent for life and struggle (this is my guess as how they can ever save money up) then move here because of the snow and cold weather (yet they both are not active at all).

Anyways each to their own, it baffles me how people rather have a shittier life and struggle then move and have a better life, yes the weather is not the greatest, yes there is many things I don't like about AB but you can't get everything and the most important thing for my wife and I was to raise our children in a house and not to have to work multiple jobs just to pay the mortgage as if we stayed in metro Vancouver, it would have been I go to work, then I come home my wife does nightshift and that would be our life never seeing each other.

Finally, with all this said though, I hope people keep wanting to struggle and hope they think AB is the worst. I don't want everyone and their dog moving here and jumping the prices to the moon till we are just like Toronto or Vancouver.... we saw what happened when even a small % of people from other provinces started to come here, bidding wars started and no subject offers started.

Yorker86 wrote: ↑ And why not? If you can cash out a house here in AB and still have a surplus of say $300k+, it’s worth it. I mean how long do you think it would take you to save up that kind of money living where you live? 10 years? 20 years? 30 years? I have a good idea of how these things work. Life hits you out of nowhere and while you think you’re making a lot of $$$, it goes towards something else.

I’ve got a friend in the GTA who works like a madman and he’s got a $100k saved up. He’s waiting on the housing market to crash so he can buy a house for him and his family. I told him, you’re 37 years old man, you got a $100k in the bank. You can’t afford anything now in the GTA. How long is it gonna take you to save up another $100k, another 37 years? You’re gonna be 74 years old by then and how much do you think that $200k is going to be worth?

Probably doesn’t apply to you but like I said, it is mind boggling to me at just how much people choose to struggle just to stay in one area of the country.

BiegeToyota wrote: ↑ I can't believe people are arguing what place is better to live.... Toronto or Calgary. They are both shitholes slowly being surpassed by 3rd world cities.

Everywhere I go in Canada the faces of people are just miserable. I have never seen this anywhere. Not even USA.

xiaobao wrote: ↑
Finally, with all this said though, I hope people keep wanting to struggle and hope they think AB is the worst. I don't want everyone and their dog moving here and jumping the prices to the moon till we are just like Toronto or Vancouver.... we saw what happened when even a small % of people from other provinces started to come here, bidding wars started and no subject offers started.

Gen_90 wrote: ↑ how are jobs in IT specially cybersecurity field in calgary? average pays?

Johntheshopper wrote: ↑ https://www.zillow.com/homedetails/35-N ... 3880_zpid/

Any thoughts on this listing and the price? I thought this one would be sold quite quickly but it seems otherwise.

masarwar wrote: ↑ evergreen is almost like an area outside of calgary, takes forever to drive there. i just did reno in that area (27 everwoods). the house is actually smaller and more basic for the area. also definitely needs carpets changed. you can get brand new 2000 sqft near macleod trail for around 600k ish hence why it isnt selling. also this area gets hail alot.

Johntheshopper wrote: ↑ This would mean that Alpine Park is actually not that great of an area as well right as its literally right beside it?

Andy34 wrote: ↑ Where have you been/lived that was better?

Hint, the answer is likely to be that the grass is always greener.

Calgary (and to a lesser extent Toronto) are consistently ranked as some of the most livable cities in the world.

https://www.cnbc.com/2022/08/07/global- ... -live.html

redflagdealsguy wrote: ↑ What's the real estate market sentiment about the Alberta Sovereignty Act. I want to ensure my investments are secure.

Thoughts from the posters in this thread?

Daniel312 wrote: ↑ I bought a 1B1B in Bridgeland, Calgary back in 2020. It is closing mid 2023.

Are there any real estate agents located in Calgary on this thread? I am looking to assign or less. If looking as an investment, it's guaranteed rent for 2 years after closing.

Kindly PM me.