We have recovered the 6 years worth of stagnation in Calgary real estate from 2014-2020, now get ready for appreciation in the next 3-5 years with periodic corrections which is great! The party ON and BC had during these 6 years and post pandemic is over! More risk on the way with $400 Billion up for renewal! $1.0M average mortgage at 1.8-2.4% rising to 5-6%!!

Condo Living is hugely attractive in major cities. It offers in-house amenities- concierge, security, ev charging outlets, sauna, gym, swimming pools, jacuzzis, party rooms etc. Coupled with convenience of having lawn and snow removal outsourced, makes it attractive both for young couples and even retirees. It’s likely to keep getting more popular as Calgary gets more immigrants from these cities.

@huskavarnaband

7 ай бұрын

Don't forget about consistent broken elevators. Ahahhahahhaha. Oh, and pot smoke all over. Lolololop

The only factor that will lower Calgary price rise is aggressive inventory increase. Calgary has ample supply of Land, low taxes, lower regulatory environment, good for business and in turn can facilitate new buildings.

@minsunkim1445

7 ай бұрын

But shortage of construction labour

@ChamberlainGroup

7 ай бұрын

Yes. If inventory increases, that will have a major effect on the market. Interesting enough, the market now has slowed with number of sales, and I'd expect inventory to increase, but that's not happening. Decembers market report will be interesting to see how this is playing out.

@lyndean4498

7 ай бұрын

and continuing to build houses on agricultural land is not the answer We must protect our agriculture

Excellent, extremely informative and very helpful information. This is much appreciated! Drilling down on the numbers is fascinating! Love this! 🙂

@ChamberlainGroup

7 ай бұрын

You're very welcome!

@christinecamley

7 ай бұрын

😊

Calgary prices rose almost every month despite >10 interest rate hikes. Its performance shows a robust market likely to even rise at a steeper rate when interest rate plateaus or rate falls.

I wonder if you’d be willing to do a video for the community of Legacy? The demographics there, whether it’s a good community to live in? The types of housing there? What the future might look like for it? That kind of info would be helpful!

Hi Brother, excellent video once again. I wanted to check if you have any references of a good contractor who can help legalize a basement unit in Calgary. Thanks

Apartments in Alberta are the worst investment. The condo fees are ridiculous here. What you haven't included is the number of new units coming online for rentals and the strong possibility of Airbnbs returning to the market. You should cover the tax implications for Airbnb investors trying to convert their properties from commercial (airbnb) to residential- they will have to pay a good chunk of change if they don't sell the property.

Sick editing and content brother

@ChamberlainGroup

7 ай бұрын

Appreciate it. I checked out your videos and your project in Austin looks interesting!

With rates expected to reduce (already started with 30-40 basis points reduction recently with lower bond yields/ lower inflation figures) it’s going to only get crazy from here! Not a great idea to wait for rate reductions as it inversely impacts house prices!

@mr2_mike

7 ай бұрын

I agree. Our energy sector is reliant on energy prices. These have pulled back as of late. A drop in oil price and this house of cards topples over.

@thomasto9653

7 ай бұрын

Incorrect … incomes to mortgages ratios record high, affordability is a real thing.

Historically, what drives Calgary housing is oil prices. They are high now, people in the oil and gas sector are getting large bonuses. Great time to upgrade. If it crashes again, housing will crash again too. It always does.

@chineduogbonna6947

7 ай бұрын

I believe Calgarians have learnt a bitter lesson and have begun diversifying their economy. They have an evolving IT, Financial Services & Film sectors. Calgary is very attractive for business given its low tax and regulatory regime. It should be noted that oil companies are not really actively investing and most new jobs are from other industries.

@ChamberlainGroup

7 ай бұрын

You aren't wrong... it was that way. I do wonder how much diversity could be happening now to mitigate some of that when the time does come. I think there will be some impacts still, but how much?

@BC-ne2yn

7 ай бұрын

Maybe your right historically but not for this. check out charts 2020-2023 on housing, oil, compare - average prices van/tor over calgary over cost of living/living standard. this has NOTHING to do with oil. its about price of live / immigration levels (EXTREME high around 5% each year)

@mkyhou1160

7 ай бұрын

@@BC-ne2yn I disagree - if oil were at 30 right now, none of that immigration would be happening. It gets bad really fast in Calgary when that happens. And that’s happened plenty of times in the past, and will happen in the future too, it’s just unpredictable when.

@BC-ne2yn

7 ай бұрын

this is a low production time for alb oil, wait untill a possible conservative gov coming up, you will see oil drive prices with jobs ramping up. calgary also has other growing industries that are absorbing newcomers. you also have skilled labour country wide. so your skilled workers age 30 plus, floating to new areas where housing is attainable. you have families looking to cash out in bc/tor from doubling gains in 5yrs looking to morgage free and releave income pressure. immigration levels are not based on oil prices, thats the liberal gov setting levels ( which are un-sustainable percentages, whichis why your seeing infustructure (example heathcare) becoming over saturated with population vs growth this is a counrty wide issue.@@mkyhou1160

Thanks for sharing! Wow nail down how much $ make per day to own a property last 2 years is interesting

@ChamberlainGroup

7 ай бұрын

You’re welcome.

People flocking into AB real estate have short memories. Oil prices drive the province. It will crash and that will drop house prices. It'll happen. Always does.

@Dhuzunga

7 ай бұрын

Once the market drops, those that can buy more will buy more.

@hansmclain6749

7 ай бұрын

Just wait until interest rates drop, sales will be insane and home prices will climb, that 319,000 townhouse will be 500k by 2025, if not sooner.

I feel Calgary house price will rise a bit more for a year or two. with wars going on and oil price standing at a high rate, the Calgary house market is not going to go down anytime soon. I am a Chinese living in Macewan, I have noticed that there is a massive immigration number from Hong Kong after the political dispute several years ago. people are jamming themselves into Calgary because of the job market and lower house price (comparing to Vancouver). On top of that, there are a lot of immigration from other Asian and African nations. However I don't think the house price will rise too much more, after all Calgary have many lands for developments, and many immigrants are not wealthy enough to buy million dollar homes (not disrespecting them, but it is). most of them are come and go.

@stephenn88

7 ай бұрын

Hk ppl will not stay too long. They will get the f out after the PR

What I've seen are builders come in and purchase the duplex in the $600,000 and then make two infills. Then priced over $1 Mill. And now these new infills are sitting on the market because they are overpriced... Currently Sellers with bungalows built in 1950s, are also being overpriced to $680+

@ChamberlainGroup

7 ай бұрын

This has been happening for a long time now, but I agree, some of them are over valued.

One thing to keep in mind, there will be no let up in international immigration and interprovincial migration next 3-5 years! Also we have ample land indeed but developers and city of Calgary need resources to develop and provide builders the land to build, no significant change seen in next 3-5 years except for some by law changes which wont have any significant impact on supply!

@ChamberlainGroup

7 ай бұрын

It's true. The by-law changes coming aren't going to truly increase supply or make things more affordable with the number of people that Calgary could see coming here in the coming years.

@mr2_mike

7 ай бұрын

Salary needed to afford $1M home is $217k minimum. (Ratehub) Avg Calgary family income is $141k. (CMHC) Bit of a difference between the two digits and half duplexes are going for $900k+.

Calgary housing prices were way too low in comparison to east and west coast. With new innovation jobs, with lots of people moving in with money,plus our energy sector,we are where we should be. For people who wait for the crush i have one sentence: keep waiting until cows come home 😂

@ChamberlainGroup

7 ай бұрын

I've heard a few people say this over the past number of years, that they believed Calgary was so under priced before. Reality is, something is only underpriced if there is more interest or need for it in the near future... supply vs demand. The want to live in Calgary and own here increased thus, yeah, it was underpriced compared to today's need and desire to live here. Appreciate the view and commenting!

@BC-ne2yn

7 ай бұрын

@@ChamberlainGroup its not a belief its a actual calculatable number. and if you saw charts on it you would also agree. calgary hit a double bottom in 2020 while the rest of the markets were starting to explode. the living cost when comparing calgary to van/tor is not even comparable. as a recent defector from van, i find no one here in calgary understands why people are leaving. between prices/ lifestyle/ weather and eveything else under the sun yall think vancouver is some prime place to live. again though price/liveability = standard you do that calculation how you see fit, but when you place the real numbers in there for each person ( as we are all diff job/home expectations) you will see why its still CHEAP to move to calgary. your home prices are dirt cheap. fyi everyones biggest miss on comparing home prices (medium) from van to calgary, you have no idea where your buying in van... because its not vancouver prices thats fraser valley prices and far out. the average commute in van is 45-1:15hr each way. calgary has NO traffic, and what you think is traffic is a minor joke. oh and lets not forget, the MAJOR bridge in van shuts down half the lanes in winter because of the incompidence in the bc gov over the past 20 years on infustructre. it is crumbling in bc and traffic times are only going up because EVERY bridge is being redone and collapsing. another fun traffic fact, call or ask anyone in vancouver/fraservalley how they feel about going out and doing errands after 3pm? they will say they dont because its a gridlock everywhere. just going to get milk from a store 5 min away can be 20 plus in innercity light traffic. sorry for the ramble but i felt its a massive miss on yalls part.

Well, if you look at a longer time window, Calgary is no match to Vancouver in terms of house price appreciation.

@stephenn88

7 ай бұрын

Do you think Vancouver will double in the next ten years at current price ? Calgary will outperform Vancouver anytime

@OTPLAYLIST

7 ай бұрын

@@stephenn88 yes, if I have to bet, I would say in 10-year time, the percentage gain in Vancouver will be higher than Calgary. I am in the camp of saying Vancouver is bounded by mountains and ocean, while Calgary still are still building bunch of new communities and the city boundary can keep expanding. And I think if Calgary price closes the gap to Vancouver price in anyway, that would just make Vancouver price more attractive and people would pick Vancouver back.

@stephenn88

7 ай бұрын

@@OTPLAYLISTppl can only afford to live in condoooooo. Nothing to do with land. They can only build more luxury condo that ppl cannot afford

@carsonho9338

7 ай бұрын

Agree. But coming 2 years Calgary is promising

@stephenn88

7 ай бұрын

@@carsonho9338 keep the price more affordable we need more affordable housing not like Vancouver is fkkng up ppl life.

$150 daily on owning property in Calgary is not worth it considering all risk you are taking. you will get the same amount parking $900k in a bank, not subject to internationally famous Canadian RE bubble. Is all the rising property related cost, maintenance cost/rising taxes counted in the daily gain/loss ?

The current provincial government has been saying “move to Alberta!” on every social media platform. Now Alberta has the same problems as Ontario, and it’s getting worse every day. Next step is new entrants into the real estate market will be unable to afford a home at all, rental units will go up, food bank usage will go up, and homelessness will go up. Welcome to life in the GTA.

Drip feeding info over 16 minuted was painful. I feel like I could have got all the info within 3 minutes if you displayed a table of data and talked about it.

@ChamberlainGroup

7 ай бұрын

You need to be using tiktok instead of youtube then lol... 🙌 Appreciate you making your way through the painful video and sticking around to longer to comment 😃

@klerjj

7 ай бұрын

My comment was meant to be constructive - I gave you how I felt when I watched it. I gave you a concrete suggestion to condense the material. And you came back with ridicule. Excellent display of character. Hope others see this exchange.

@ChamberlainGroup

7 ай бұрын

@@klerjj Unfortunately, many others disagree, and my commentary on the data, instead of just showing a chart and data, is helpful for those looking for it. We offer many options for data in our market reports if all you want is data. The truth is many people aren't looking to give constructive feedback like you have, but rather mock and poke from behind a keyboard. I hope you found something helpful in this video. And I wasn't joking about TikTok. If you love quick data in short time frames, it's an excellent platform for that type of content.

Nobody cares about affordability anymore? Incomes to mortgages ratios at record high.

@ChamberlainGroup

7 ай бұрын

I think that is exactly what affordability is, isn’t it?

Demographics rule! Baby boomers retiring and downsizing. Driving high condo demand.

What are new condos in Calgary? Flimsily built sardine boxes downtown intended for quick profits for developers benefiting from a desperate population especially the younger demographic?! And the rest of the population? The retired demographic?

@jozefciszewski2074

7 ай бұрын

UR DELUSIONAL.