If you’d like help creating a strategy in this market, let’s chat here www.chamberlaingroup.ca/contact/ Or… head over and watch this next: kzread.info/dash/bejne/qn-f0ayShbLVhqg.html

Background music not needed. Very busy to listen to.

Strong indicators are very clear here... more cash and people flowing into Calgary. Calgary has suffered a long term downturn since 2014 and looks like Calgary is still recovering. Personally I think this bull market will continue until the next downturn comes back... Mayne 2030? Haha I just guessed

@gcc8584

3 ай бұрын

This is exactly what has played out over the last 20 years in Lower Mainland and GTA. Now that those areas have been strip mined it is only natural for them to move onto Calgary. Canadians have no other way of building real wealth. There is no industrial base in Canada and it is very unfriendly to small and medium business. Also the Canadian culture in general hates wealth creation. So everyone desperately piles into real estate wherever they can.

As a sales manager for a major developer in Calgary. The majority of buyers aren’t flippers. They are long-term investors. 70% of my buyers have been out of province buyers over the last two years alone.

@christopherbuckley7544

3 ай бұрын

Well it's nice to know that the real money exists OUTSIDE the area, and is coming here so they can make huge profits off all the impoverished homeless. Go where the money is...leave Calgary ;)

@victorhjwang220

3 ай бұрын

With Trudeau government, Canada's primary business is Real Estate, which is driven by massive immigration. International students, money laundering...according to a recent report Canadian productivity per capita has been decreasing year over year. Canada the once great country is destroyed.

@danca5719

3 ай бұрын

@@christopherbuckley7544What have you done for the homeless? Curious….

@ChamberlainGroup

3 ай бұрын

Zach, thanks for watching and commenting. Will be interesting to see how long they all hold these homes for. I have a gut feeling that rents could ease in the coming years when immigration slows. 🤔

@zachkosteriva1914

3 ай бұрын

@@ChamberlainGroup maybe… that’s a big part of my job is managing managing a roughly $40,000,000 rental portfolio since 2012. Just like inflation it’s very unlikely rents will decrease (deflation). It’s more likely they could stay flat. Builders like use don’t think we can stabilize Calgary housing market for 10-15 years. (That’s if ingratiation stopped today)

I really liked your video from a couple years ago, where you stated reasons why we shouldn't move to Calgary. You made me realize why I love living here in Florida! lol. However, in the future I do want to spend the summer months in Alberta. Maybe in a resort, or lodge, or rent an apartment for 3 or 4 months. That sounds like a lot of fun.

@ChamberlainGroup

3 ай бұрын

Summer in Alberta, specifically in the mountains is glorious!!! Thanks for watching and commenting.

Respect everyone’s opinion here. Most have no research and say what can be classified as wishful thinking! Calgary market history has little to offer in terms of what can possibly happen in future. It’s a different city with more diversified economy with IT, logistics, Tourism, agriculture, aerospace, film & TV all booming and offering job opportunities! Cost of living in other major cities except Edmonton have sky rocketed and Calgary still offers a great alternative and a much better one being the 5th most livable city in the world and 2nd in North America!! Also Calgary prices remained stagnant or decreased from 2014 till 2021 and recouping what should have taken place in this time! Decision of waiting or buying is yours but make an informed decision will be the best option considering what the market fundamentals are looking like and forecasted to look like and in my opinion prices will slowly and steadily rise over coming years with possible slight corrections in the slow months!

@ChamberlainGroup

3 ай бұрын

Very well said. Thanks for watching and commenting.

Calgary is the best market to investors for next few years, but please slow down for like 6 months so I can get in

@bbfloors1903

3 ай бұрын

Interest rates cut is coming in 6 months...sorry cant help ya. Jump on

Real estate agents are the problem if you allow to see the multiple offers with the dollar amounts, you wouldn't have these issues. Hot markets in the US allow agents to show the multiple offers

@ChamberlainGroup

3 ай бұрын

If the seller requests, we can show and say prices to all parties involved too. The problem is most agents don’t know this is an option there seller has.

Well researched. Great video!

@ChamberlainGroup

3 ай бұрын

Glad you enjoyed it. Thanks for watching and commenting.

The best time to get into the RE market is ..... when you really need a house to meet your family needs. It seems we are heading deeper into the seller's market in the next two years. Rates cuts and more people, the near future is not too difficult to figure out.

@ChamberlainGroup

3 ай бұрын

You’re probably correct. Thanks for watching and commenting.

Some of the places we get sent, it only makes sense that people are buying them without even looking at them. I’m guessing it’s investors.

@ChamberlainGroup

3 ай бұрын

Not fully. We’ve helped many buyers purchase for their families without seeing the home. They can’t fly out and see it in time. Thanks for watching and commenting.

Besides builders grade homes during a boom, etc... there is no way we are getting to that inventory anytime soon. The bulk of it will be made up of higher-end homes and $$$ infill duplexes and large condo developments that are 320k to start in the far burbs, but junk quality. Detached is going to lag significantly as is affordable semi's. I think Calgary's proposed zoning rules will be a boon for high-end infills and townhomes, as there isn't any margin available in 'affordable'. Nobody is going to build 4 units on an older war bungalow that cost 500k each. That's 2010 pricing and 2010 labour and materials costs. They're going to fill it with what they always do, really tall, 2700 sq.ft.+ units with no yard for 700k+ each. I feel like the time to get in on a 'value' detached has left the Western half/Central, and is quickly eroding in the East. Semi's that are affordable in the NW part that are inside Stoney, are probably relegated to Ranchlands, parts of Bowness that are on the floodplain, and maybe Beddington/Thorncliffe/one of the 'Hills'. And 70's fixer uppers at that. I got one of these 7 years ago and the price today is silly on worse comps.

If those flippers force the price of houses above the point where the average person can’t afford them, like the prices in Toronto, then you can’t say it’s a good thing.

Not house/ real estate related lol. But where do you buy your hoodies? 😅

@ChamberlainGroup

3 ай бұрын

Mainly Alo and Lululemon… maybe they should become a sponsor? 🤔

@AVHD235

3 ай бұрын

@@ChamberlainGroup They should!! The fitting is so lovely! Maybe you should create YT fashion channel lol. JK. I love your videos!! God bless

Seen some private companies and realtors from Toronto come to me in 2022 sending offer letters to buy my row house in Acadia to flip. Vultures

@ChamberlainGroup

3 ай бұрын

That’s unfortunate and can feel wrong if not presented or received well. Thanks for watching and commenting.

Out of the 20ish houses I’ve viewed over the past three months, at least four of them were flipped, similar lazy design, and avoided at least 3 to 4 other house that looked similar from the photos…so definitely higher than 6.5%. Also, the effort did not justify the asking price. So no, I don’t think it’s necessarily a good thing. One of the houses was listed for $830k, down to $780k. Delisted and was re-listed for $700 K.

@benbelap

3 ай бұрын

They know between 550K to 750k they'll make money. Probably bought at 500-550k and will make quite the profit while being lazy.

@ChamberlainGroup

3 ай бұрын

Lazy flips are horrible and the opposite of what is helpful for our city and market.

@bbfloors1903

3 ай бұрын

Staying on the sidelines never pays. Ppl who bought in peak 2022 are making 100k today.. i am one of those fortunately. Stop commenting and go buy whatever you can..if you dont have the money..then watch calgary rock

@averageperson2177

2 ай бұрын

The people thinking home prices will come down.. have one thing in common... they don’t own homes..

There’s money to be made in a recession if you know how.

@ChamberlainGroup

3 ай бұрын

🙌 what’s your plan to make this happen for yourself?

👍 👍

The moment the unemployment goes up and oil in Alberta as it happened before is no longer relevant, you will see the inventory exceeding the 2015 numbers for sure.

@gcc8584

3 ай бұрын

This current boom has nothing to do with the price of oil and is entirely because of out of control living expenses in the rest of Canadas major cities combined with a unique Canadian reliance on real estate as the only way to create wealth.

@MustyBastard

3 ай бұрын

House prices have not really went up in Alberta since 2008. 2015 was the peak in prices.

@fabianstream5463

3 ай бұрын

@@MustyBastardI was referring to inventory, not pricing.

@danca5719

3 ай бұрын

@@MustyBastardIf you match the years with the historical events, you know why the prices in Calgary fluctuated, and you will also know why Calgary and Alberta is not the same as before anymore.

@ChamberlainGroup

3 ай бұрын

Maybe… but there’s different pressures in our market than what was before and what you’re comparing to. Thanks for watching and commenting.

As an investor Calgary is a terrible market and has been for a couple of years. The only way to succeed is properly priced pocket listings, but it’s easier to find Bigfoot.

@danca5719

3 ай бұрын

Says the investor in Toronto, yeah got it, lol. 😂

@hughmann1908

3 ай бұрын

@@danca5719 I live in Calgary…

Really sad for our economy. Good for rental owners or people looking to sell and move but damn that is going to hurt the economy badly.

@bbfloors1903

3 ай бұрын

The opposite is true

I have friends (husband and wife) who have done very, very well in the Calgary real estate business. Even better in Arizona

@ChamberlainGroup

3 ай бұрын

Thanks for watching and commenting. Where in Arizona?

@davidcarr7436

3 ай бұрын

@@ChamberlainGroup primarily Phoenix, I believe.

Would calling Calgary a Boomtown be appropriate ? Don't know these days I'm afraid of being canceled

@ChamberlainGroup

3 ай бұрын

If it’s because it’s booming then sure.

✨️👑✨️

How come you’re not mentioning a single word about the possibility of another oil bust and its huge impact it could have on Calgary real estate? New comers may not know but remember those dark days of 2015-2020 when the market was dead! Short memories ha!

@ChamberlainGroup

3 ай бұрын

Neither you nor I know what could be ahead in the future… could we have brought in enough people and a diversity of industries to weather an oil market change 🤷 Thanks for watching and commenting.

@bbfloors1903

3 ай бұрын

We making money from home bro..what oil are you talking about? Just gimme another detached for 750k..you worry about your oil😅

No problem with flippers, just wish so many people wouldn’t move to AB, it’s destroying the market for the locals and is bound to skew political alignments

@ChamberlainGroup

3 ай бұрын

Appreciate the comment. People moving here is changing the market and it feels sudden for some too.

@bbfloors1903

3 ай бұрын

We are making you guys famous..come on 😅

"Inventory" "products" "equity"... Parasite-speak. Housing is a Human Right under Article 25 of the 1948 Universal Declaration of Human Rights and under Article 11.1 of the 1966 International Covenant on Economic, Social and Cultural Rights (ICESCR), not an "investment asset" that disenfranchises the many for the benefit of the few.

@karanvirminhas3817

3 ай бұрын

This society works on capitalism system last time I checked, are you in Russia?

@lynb1022

3 ай бұрын

@@karanvirminhas3817 this society ratified both conventions last time I checked, are you in Saudi Arabia?

@lynb1022

3 ай бұрын

@@karanvirminhas3817 the parasitic land-hoarders always out themselves.

@bbfloors1903

3 ай бұрын

Bidding war😂

Bullsht crash is coming huge

@bbfloors1903

3 ай бұрын

Its here😅

Market there is F'ed unless you want to spend a lot of $$. $100K over asking in some cases. I made an offer for asking, and got laughed at. Don't waste your time like I did. Better to go to the BC interior!!

@ChamberlainGroup

3 ай бұрын

Thanks for the comment and watching. The market is tough here and probably won’t let up anytime soon. Some homes that go on the market are intentionally under listing and perhaps that’s what you came across.

@dosm4805

3 ай бұрын

@@ChamberlainGroup been here a month. I've experienced a lot. None of it good with empty pockets.

@bbfloors1903

3 ай бұрын

Depends on if you prefer a city with 1.6 million or 60k ppl

@dosm4805

3 ай бұрын

@@bbfloors1903 , 150K / 100K in Kelowna vs Kamloops. Depends on if you like better weather too, many variables.

The market will be in balanced or buyers market after the commodity cycle is over. the same way it did in 2015

Talking about high end cars as well as mansions is gonna rub people the wrong way dude. Maybe talk about how more cash will create more employment opportunities instead, IMHO

@ChamberlainGroup

3 ай бұрын

Thanks for the opinion…

Do not invest in Calgary. Not worth the risk at the moment.

@sanjivraj9160

3 ай бұрын

Hi, could you please elaborate, as we are looking for house. Thanks!

@ruperte-du5zr

3 ай бұрын

@@sanjivraj9160 how long do you think you will stay in Calgary? interest rates are painful right now. talk to your bank. property taxes keep going up. Calgary is a bad investment right now. Calgary is like Vancouver and Toronto. There are competitions. Can you handle the bidding wars?

@sanjivraj9160

3 ай бұрын

Thanks for your response, what is your view on Cochrane, is it same as Calgary as well

@ruperte-du5zr

3 ай бұрын

Cochrane and Airdrie were my preferred areas before I put my money in Calgary -- 10 years ago. If I can go back turn back the clock, I would be in Cochrane. You can try looking at surrounding areas outside of Calgary. We live in different times now. You might get ripped off if you push your luck in Calgary.

@ChamberlainGroup

3 ай бұрын

Why are you taking advice from a random KZread commenter. 😂 let’s chat here to help you get real advice www.chamberlaingroup.ca/contact/

There is gonna be a whole generation of bag holders in Calgary

@stephenn88

3 ай бұрын

You are a bag holder in Edmonton 😂😂😂

@MustyBastard

3 ай бұрын

@@stephenn88 will be 15 years at the end of my mortgage term baby. I know the pain and I see the signs.

If you are long aka over 10 years in the Edmonton real estate market, things are still dead. I was looking at one apartment in the Stratcona area built in 2014 and sold new for 310k. It is going for 179k now and it had been on the market for over 200 days. What a lot of people don't get who just moved here during the whole " Alberta is calling bs is ", that this campaign was started right at the same time as a large downturn in the real estate market in many places in Alberta. Convenient eh ?

@bbfloors1903

3 ай бұрын

Thats why no one is talking about deadminton..and you are here commenting on calgary..Calgary is Fantastic

@MustyBastard

3 ай бұрын

@@bbfloors1903 The same things are happening in Killgary you tool. Only as of late have things have been improving because the money has no where else to go - everywhere else worth living has been priced out. Congratulation's on being everyone's last choice. Shelbyville!