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Dusko Sremac
Real Broker
403-988-0033
[email protected]
Пікірлер
I love your videos! great editing and of course, info! My only issue is that the volume varies from video to video, so it's a bit jarring when going from a quieter video to a louder video.
Jeeze
But no one should expect a crash due to not enough houses and higher cost to build in this day and age
There is no more jobs in all of alberta boss lets see what happen i think next year we will see slight increase in price in Calagry but come next election these prices will be stagnant for few years immigration will be slowed significantly this is no toronto or vancouver so these already high prices dont have much more to go up anymore especially in alberta
Mahogany is my top
No more jobs in all of alberta
In what sector?
@@Dusko-CalgaryHomesway too generalized statement. I’m hearing tons of ex Ontario residents are still finding it easier to move and find employment in Calgary & Edmonton.
@@GerardSicatcompletely agree! A lot of jobs are still sitting empty.
@@Dusko-CalgaryHomes We literally have a higher unemployment rate in Calgary then Toronto. Calgary has NO JOBS. It grew way too fast and most positions are filled in most industries. Home prices in Edmonton and Calgary were pretty similar, Calgary being 50k more on average back in 2021. Calgary is now $250k-300k more...that's not a healthy increase. There's so much more listings now then last year, and rates have dropped. That tells you something. Investors are fleeing.
There are homes a 15 mins outside toronto for under a million now. You think the interprovincial move is sustainable with our new prices? Have you looked at unemployment rate in a macro view compared to the rest of Canada? Calgary is market is not going to go in a balanced market, it will soon be a buyers market once people realize there's no jobs. Look at oil prices. You need that to keep going up to help Calgary grow, but it's swinging in the opposite direction correctly. Oh and the Tech sector, which Calgary also depends on, is getting slowly replaced by AI, atleast the easy automated jobs so far, and it's only getting more advanced. Good luck on your investment. I'd sell now and rebuy 2-3 years later.
Thats a short term trend. Long term Calgary sees ebs and flows and its not a direct competitor to Toronto and never will be. People are sick of the crime and costs in Toronto. Short term Calgary will continue to grow, long term Toronto and Vancouver will outpace.
@@Dusko-CalgaryHomesagreed! Cannot find yyc prices here in Toronto & Van. It will never be up to par imo. Way too many have invested and interests in Toronto & Van to let it happen. Could be political interests as well 😳
Price to sell, I sold my condo inside of a week because it was fairly priced. No bidding wars but I got what I needed. Bought my house that was on the market for list and it was on market for less than a week. Greedy sellers are seeing over a month on market and haven’t sold… seeing big price reductions on list and still haven’t sold.
It’s so easy to get greedy and “test” way too high. If a comparable home sold 3 months ago, and you are similar, you won’t be getting 3-10% more!
My prediction as an investor/developer is that market is cooling down, even though are people moving, I think everyone is waiting to see where the government will stop decreasing interest rates and then they will lock in, prices will go higher next year and year after year
Couldn’t agree more!
Be careful going to show homes without your realtor. Many builders will become very hostile with working with you because of the realtor referral fee. I was treated like I was a criminal for visiting a show home and then bringing a realtor with me to buy. Ended up buying a resale home on MLS. The sales rep literally screamed at my realtor and told us to leave.
Yea agreed, some builders have been so awful lately
I have stayed two times at the Guardian for a short term rental (Oct 2022 and July 2024) I like the building and the units I have stayed in are nice. My main issue with the place has to do with the sidewalks around the building. I don't know if it is the buildings responsibility or the city but they really need to clean up all the vomit and piss stains on the sidewalks on the 3rd Street and 12 Avenue sides. It's pretty disgusting and leaves a bad impression of the place. I know the issue is the same in the East Village area as I see it on other streets but for some reason the area around the Guardian is especially bad.
It's so tough downtown. It should never get to that point where theres poop on the sidewalk through! There are alot of homeless people in the area because they have a lot of resources there too.
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Nice video. Calgary resident and current Content Creator. Good editing. I'm curious about Cranston area...
The only thing thats going to drop is the price of homes. Realtors are like vacuum cleaners.
@@rondennis3497 such a great attempt at humour Ron ……
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Waking up every 14th of each month to 210,000 dollars it’s a blessing to I and my family… Big gratitude to Georgette Wong 🙌
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦♀️️of myself because of low finance but I still believe in God
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Georgette Wong😊🎉
Good day all 👍🏻 from Australia 🇦🇺. I have read a lot of posts that people are very happy with the financial guidance she is giving them ! What way can I get to her exactly ?
If Trump puts in an 80% tariff on all Chinese goods and "end income tax" I can imagine inflation will skyrocket an equal or at least proportional amount. Which means anything up to 10% fed rate is not out of the question. Macro is far more important than micro. Canada is micro.
Drop rates to 0% again and all the people with money will borrow more money and gobble up the remaining bits of real estate and turn them all into ABNCs and all renters will be homesless. Best to increase rates back to 25% so we savers can earn some GIC.
100 percent i have been predicting the same thing they are not focused on the inflasion anymore its the GDP and the unemployment #s Whenever ever i say that to people they say you i am wrong the government does not have 2 mandates like the US. I tell them bull thwy are not written mandates, they go with out saying. Anyway wew ill be at 4 percent prime for sure and i will go 1 further. I think the last one will be a bigger one like .50 cut which will bring us to 3.75 But the feds need to cut in September for that to happen. I think they will.
Appreciate your feedback. As long as they don’t go overboard and to to 2% or under, we should be fine. If they do, I’ll take out every loan that I can.
They should raise rates 2.5% then a few more over the next 3 years. WHY? To punish the people who recklessly spent 50+% of their income on their mortgage. Punish those who have normalized multiple income streams required for a small average single family home. Further punish foreign ownership. Deport at least half of current TFW and Students. Set limits that the TREASONOUS Liberals removed like max unemployment to allow TFW etc. MAX for total and SIGNIFICANTLY raise standards for all levels of temp and perm residence. ( there is 0 need to EVER bring someone into a country to work at TIM HORTONS ) Or ANY fast food. If any local is that pathetic there are NO LOCAL young people its another issue. I dont think that will happen, but it should.
But keep in mind that the average Vancouver household spends over 105% of their income on their household and Toronto is at 85%. A lot of large metros are like that unfortunately
Interest rates will miraculously drop significantly before the next Federal election! Liberals will state it's due to the amazing job they are doing!!! 💩💩💩💩💩💩💩💩💩💩
we all know they will drop..... do not need another Agent with a camera, bad set and a PLANT....You all have a PLANT..TELLING US like they are the only ones that know. so full of yourself !!!
😂😂😂 I was wondering why you were so upset about the background. Then I found that you are an interior designer. Fact: interior designers know nothing about rates. Also you also use too many plants.
Nope they will hold firm tis time
They will be 1% lower by the end of the year.
@@Dusko-CalgaryHomes You assume they want what is good for the little people
Nice video
realtors are the worst people to get economic advice from
Better than a random with no data 😂😂😂😂
I wonder what the likelihood of a 0.5% drop would be for tomorrow.
I give it 50/50
Even 50 Bps won't make any significant difference to affordability.... which really is the primary issue impeding price stability as still 5 Million Mortgages renew(1 Million NEGAMS) through Q4/2026 all at inevitably higher rates/payments than when initiated... and representing an equally significant "store" of future cpi inflation now untenable within 'chattel' valuations contained in Big Bank Mortgage Portfolios bound to correct 'mark to market' as renewals fail appraisals/refi's and into lower valuations as Listings surge. This is a Real Estate correction ~36-48 months acute at a minimum with potential attenuations across M2/3 instruments out a decade potentially ? WHY anyone consider purchasing at this juncture is well beyond understanding ?
It’s about consumer confidence. It changes monthly but if we don’t see a 1% + drop I’d be surprised. The market is not doing well
Don't forget that bond market control fixed rates and variables are still way higher than fixed! The economy sucks, so good luck to the real estate market!
@@7966016 good luck to everyone.
Of course rates will drop.... DUH ? However, BoC Monetary Policy maintained anywhere even remotely positive above the 2% inflation target against future 'debasement based debt expansion unserviceable by anemic Canadian 67% consumer spending reliant gdp/gdi now inevitable to be impeded (even an eventually 3%).... and does nothing to alleviate the significant reallocations of that gdp reliant consumer spending to mortgage servicing as 5 million mortgages renew thru Q4/26(1 million NEGAMS). Simply put.... this is a Real Estate crash/correction bound to attenuate with significant GTA Losses as the 'store' of future cpi inflation being maintained in Big Bank Mortgage Portfolop 'chattel' valuations realize lower 'mark to market' refi's/appraisals in price discovery. Party's over... The condo market is just the beginning, we're not even into the top of the 2nd inning into recession/demand destruction and a very painful now inevitable deleveraging cycle with far lower GTA Real Estate valuations from here.
@@dirtlump speculation and poor economic planning/over reaction from the government has crippled the Toronto market. They’ll come back but it could be several years of pain.
discounts? or is this a one off? click bait… no one really knows other than RE in Alberta altogether is still outperforming BC & Ont by a mile.
@@GerardSicat this is super common. Zero click bait
Yay
Elevator issue is a city wide problem, I’d avoid any building with elevators, they need constant maintenance and there aren’t enough people working in the field. We also had issues our high rise getting parts of chiller - took six months arrive. Happy to sell out of condo - loved the lifestyle, hated the issues, hated that in a decade I had no equity appreciation.
Avoid any building with elevators? Bro, come on. Your calves must be gigantic always taking stairs.
Never had issues in my building
I get wet thinking about all the recent condo buyers about to be stuck and unable to sell without being at a heavy loss in the future. Fools and their "muh equity building" Smart money is selling out of calagry condos.
1. Concerning that you are that wet 2. Are you going to buy or just happy people are losing ?
@@Dusko-CalgaryHomes I'm happy the market will correct and the fact that you think housing prices rising forever is winning shows how cancer realtors are.
@@rtothec1234 Why should that be a factor to someones investing future? I would rather you and I, everyday people, buy and have rentals then a Blackstone or the government. I think there is a MASSIVE misunderstanding about our housing issues and it has more to do with red tape then greedy landlords. and to your original comment of why not both, to be happy that others are losing shows low IQ and majority of those people are not successful, just love seeing others getting financially hurt.
Uncontrolled immigration for long will result in losing our national identity and culture... of course Trudeau has no culture
Communities with the lowest appreciation 🧐
Renovate for your own enjoyment. Unless you have the skills to do it yourself professionally with styles that appeal to the buyer the risks and reward is not worth it in my opinion.
100%. Unless it’s a flip, renovate for yourself.
As someone who grew up in Hillhurst and Sunnyside in the 70's/80's and then Inglewood in the 00's, I'd like to see a video about emerging markets before they get trendy! Where to buy before the boom of the neighbourhood. (I am looking at you Bowness) wink
I've added it to the list, there are a few that you'll be surprised about. Bowness is definitely in the middle of it
Great suggestion 🔥
Even these cheap prices wouldn't be cheap they'd be semi affordable threw a total full blown work sigma - willy 0
Don't worry they can't counter 3d printed housing doing this crap for women anymore apartments are much cheaper and easier to build as well - willy 0
Take the jersey off.
Content tip As a long time BTS KZread guy: if you're going to do two angles, look at the second camera too. This isn't a testimonial/a documentary/reporting, you're hosting.
Great video Dusko! Seems like lots of BC & Ontario buyers were enticed due to price points but didn't understand the Calgary market even though many were warned they wouldn't perform the same way Vancouver or Toronto have
I would never buy real estate in Calgary. They don't even have running water.
You know nothing clown. You can’t afford it
WE GOT IT BACK! 🤣
@@Calgary-Real-Estate-Agent never down for me in downtown ,lol
@@Calgary-Real-Estate-Agent get a real job
Calgary is a Joke... There was a time in the 90's and early 2000's it was a fun city to live in. Now it is full of bums downtown. Construction has ruined the city. Heck the roads are a disaster in major need of repairs. Anyone thinking of moving to Calgary really think hard. The Condo Associations are primarily owned by Ontario real estate organizations..Thats all you need to know... why the costs have sky rocketed.....Look elsewhere Calgary has turned into a disaster....
What city do you live in and name better cities with a similar population.
Your a joke
🤡
@@Dusko-CalgaryHomes he lives in a village in a farm
@@GTR-88-u8g😂😂😂
free tip: anything done out of fear (fomo) in life is usually never a good thing . …
100% agreed.
Loved your content By the way are you looking for video editor?
Is that in Canada ?
@@richard09able that’s in Calgary
yes
Doubtful that there will be a drop in July 2024. If... IF inflation stays in check, then there might be a interest rate drop in September 2024 but very doubtful of the rate changing in July 2024.
Agreed, I could see another .5 or more by the end of the year, but July is unlikely
Hey! Just wanted to come back to this …..
Wow economists cum realtor
why doesnt the bank of canada grow a spine and tell the government to stop their wreckless inflationary spending. our debt has doubled with no plans to slow down. this is self induced misery because we dont have the guts to demand change. we have become corporate stooges. just look at all the logos during the next leafs game. disgusting intrusion by greedy faceless socialist loving corrupt banks and corporations into our personal lives. talk about debt reduction today, not 10 years from now. all i hear is bs and tax increases from this whole incompetent crowd wanna be rulers
Push back on CBDCs, buy bitcoin, pay off debt. #Bankless
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CPI rose in may after the first rate cut, so I think your wrong there. If it rises again in June (which it will) from what I have been experiencing in everyday life I think will are going to go the other direction especially if the states doesn’t cut rates. Bank of Canada has also stated that we will probably never see rates below 3-4 percent ever again. Food up almost 300% over 2 years, rent is at all time time high as are car payments and insurance also never been worse, gas for your home, internet, hydro all have doubled in the last 2 years. Inflation ain’t in check
But that might be the new normal. Higher inflation for years to come. But we can’t bankrupt Canadians and home owners either because the government has one jerk reactions. Cut too much, too quick. Now here we are.
@@Dusko-CalgaryHomes Pretend your life didn't depend of selling homes and properties, how different would your view be? I think your bias is very telling of the wishful thinking that needs to happen for your net worth to increase.