👉 Download June 2024 Calgary Market Report: tcgroup.me/z69 🏡

Some sellers never did any renovation in 20-25 years and waaay overpriced their property. But it's good that buyers are not stupid to pay huge $$$ for ran down property. There is greed and there is common sense.

@ChamberlainGroup

Ай бұрын

💯

@keeahn480

Ай бұрын

But the problem is the current market is 100% flavored to the sellers due to the severe scarcity in inventory.

@tianchenxiong6223

Ай бұрын

@@keeahn480 yeah, I've been looking at the market since 2 years ago. I think the buyers need to be educated on what additional cost required to make house livable after their purchase. Some of the pricing listed feels like setup to trap those who has no knowledge about the additional cost.

@cloutm_anager8262

Ай бұрын

When I bought, I was surprised how bad the inventory was. Nobody updated their homes for 20 years and when they look to sell, they just paint old stuff to make it temporarily look new. I just had to accept it and buy because that’s the market. The new homes have no backyards so you are forced to update older homes.

@ChamberlainGroup

Ай бұрын

@@clo some sellers and owners don’t upkeep and that’s an issue.

This is the best channel to talk about Calgary Real estate market.

@ChamberlainGroup

Ай бұрын

Appreciate that!

Excellent analysis!

@ChamberlainGroup

Ай бұрын

Appreciate that!

Been shopping since March and last month seemed to indicate that prices hit a ceiling. This is just my anecdotal observation but I actually feel like some places are selling for cheaper than I thought. Two places we looked at were asking way too much and on the offer review date, we found both of them had 0 offers. People themselves have a ceiling and aren’t as desperate as sellers are think.

@ChamberlainGroup

28 күн бұрын

Interesting insights. This weeks video is all about that. I may use your comment in the video! 🙌

Good Vid

@ChamberlainGroup

Ай бұрын

Thank you!

I love these updates. Would you consider a similar update for the province of Alberta?

@ChamberlainGroup

Ай бұрын

Great idea. There would be soooo much to cover 🤔

Effect / affect, what’s difference anyways, right?

6.2percent unemployment rate. They cut because we are deep into a recession

@ChamberlainGroup

Ай бұрын

We currently aren’t in a recession based on the definition of one. Some of our weaker GDP is tied to higher interest rates. And our unemployment isn’t high, historically speaking… tradingeconomics.com/canada/unemployment-rate

@therealhebrahim

Ай бұрын

@@ChamberlainGroup It's important to keep in mind that our current economic situation may not be accurately reflected by the GDP and CPI numbers provided by Statscan. It's worth examining the GDP per Capita numbers to gain a more realistic understanding. It's evident that we have been facing a Per Capita recession for the past 6 quarters.

@Dodger1999

28 күн бұрын

@@therealhebrahim the falling GDP per capita is due to high levels of immigration. The population is rising much faster then GDP

@unaldurmaz250

28 күн бұрын

Interesting thing that they started cutting, goes to show you economy is bust

Unemployment rate is high, greedy sellers that list a place that hasn't been renoed for 35 years for 750k, etc... I think the sweet spots for sellers are still the mid-tier options in places like Ranchlands. Solid NW area, by transit, close to mountains, tons of duplex stock, good parks nearby. I've been seeing 1050 sq. ft. 70's duplexes there that have minimal renos sell for 25k over as of last week (They're going for over 500k now). No garage. The jump from that to a SFH in Ranchlands, let alone the wealthier surrounding communities is pretty drastic unless you want a 900sq ft gut job on Ranchlands Blvd. Looking at rentfaster a few weeks after purchase, it's clear the 'rent by the room' investors are still buying up at these high prices. I hope they get wrecked as they're renting basement rooms in a 70's place with a 70's bathroom for $900 a month no utilities. But I doubt it as they usually take cash.

I wish you would STANDARDIZE these numbers for the population of these communities and for the number of properties for sale. I live in Beltline. It's SHOCKINGLY denser than any other neighbourhood in Calgary- we will see as many units for sale in one building as in several blocks, of, say, Mount Royal. So part of why so many units are lowering prices reflects the sheer number of units for sale. The condo upstairs from me sold in ONE DAY, and I see this all the time here- many units (mine was one) take months to sell, and some sell very quickly. But we also have almost 20,000 residences- almost all of them apartments. You can't just compare Beltline to, say, Aspen Woods.

@ChamberlainGroup

Ай бұрын

I hear what you’re saying and appreciate the comment and watching. Thank you. It also occurs to me that separating condos and houses would be important too. This was a quick way to see the market and where are the most price drops happening.

Hi, I've been looking everywhere for townhomes with legal suite basements. Have they stopped building these all together?

@ChamberlainGroup

Ай бұрын

If you want to chat further or want our help let’s chat here www.chamberlaingroup.ca/contact/

@sneakeraplus

Ай бұрын

@@ChamberlainGroup Thanks, just did

I want to buy house and my agent doesn't want to but any condition for me in my offer when i said no he leave me so all agent now is beside the sellers and all the same.

@ChamberlainGroup

Ай бұрын

Lets chat www.chamberlaingroup.ca/contact/

We bought our first home in Calgary (townhouse) for 6.5% interest on a 20 yr fixed. I don’t really know what people expect. These rates are not out of historical norms. Fact.

@ChamberlainGroup

21 күн бұрын

I hear you and agree mostly. Where the harder part is, the prices have jumped so your 6.5% is on more mortgage amounts than before. That combo is harder for sure.

who's going to settle for just 25 basis pts??? People are going to hold for at least another year.

@ChamberlainGroup

Ай бұрын

There is that chance. However some could start the process and start looking to get back in now too.

Calgary Market Is Slowing Down, Unemployment Is Super High, Be Very Careful Buying Here, Don't Just Listen To Realtors Ask People Here They Are Finding It Very Difficult Here

@jozefciszewski2074

Ай бұрын

Who,you?😂

@PoisonRhino

Ай бұрын

I like the way you type.

@keeahn480

Ай бұрын

Numbers and figures don't lie. The current market inventory is historically low low low.

@khenny1989

Ай бұрын

No shit lol they’ll put similar properties from the builder pending and pretend they got over asking for the same property available next door. If I have two identical apples available for 5$ why would someone out of nowhere offer 7$ and it’s pending for over the normal amount of time. Do not listen to realtors most of them have a high school diploma lol

It’s interesting that you, as a realtor, are calling sellers “greedy” for overpricing their homes. How do you think they landed on their selling price? From their “greedy” realtor of course. And it is not greedy to try and get the highest price for your investment.

@ChamberlainGroup

Ай бұрын

Appreciate the perspective. However, when we advise a client what market value is doing we aren’t looking to frustrate them with the so called greed you speak of. Clients get frustrated if their home doesn’t sell, which isn’t great for a working relationship. They count on us to know the market and give correct info. Which we do. If a seller decides on their behalf to list higher to try to get more, in a market that isn’t going up, then yes that could be considered greedy or try to reach to far. Buyers for that home aren’t going to see it nor pay for it as they prescient as greedy. PS- Not all realtors are slimy sales people and greedy. 🤯

@louelaine3680

22 күн бұрын

No the list price of a house is not dependent on "greedy " realtors. Realtors want to make the sale as much as the homeowner wants to sell. Buyers are responsible for rising house cost. If buyers refuse to buy, prices will drop.

3:10 Very inaccurate statement historically and irresponsible of you to say to prospective buyers. Not only do interest rate movements have significant lag time, but cuts in rates are usually signals of upcoming economic stress. To say that this is the worst the economy is going to get is flat wrong.

@ChamberlainGroup

Ай бұрын

Appreciate your comment, however this is how buyers perceive this. Could our evening get worse… sure… could it get better… sure. At this point, for the bank of Canada to start rate cuts prior to other G7 countries, it is saying to the average buyer and seller exactly what I said. 🙌

5 friends already left Canada inspite with better high paid jobs. Will be ugly soon. Canada is doomed so leave before too late.

@keeahn480

Ай бұрын

No worries. Canadians will make Canada great again. 👍 no more liberals

@sz4846

Ай бұрын

@@keeahn480 i hope this shit end soon. I have to leave for medical treatment outside country. After paying 20 years to that shity goverment who can mot provide basic health care. Canada is modern slavery for idiots

@JohnManzo

Ай бұрын

These carpetbaggers are people we don't need. They probably left because they were freaked out by how gay people have rights here. Good riddance.

@JBM101

19 күн бұрын

Thanks Justin conspirator and F Trudeau patriot

Seller: "I hear the market is hot" Seller: "Okay, let's list it at a ridiculous price $50-$100k more than it's worth". I'm seeing lots of listings like this. Kinda entertaining to watch.

@wzzw2427

Ай бұрын

Continue pumping the market you and your lobbyist of realtors 😅with some shady practices. I’ve seen this elsewhere…

Very dangerous information your reporting this market will crash

@ChamberlainGroup

Ай бұрын

😬 ⚠️