Don’t buy a house in Calgary Alberta in 2024 if this is you…

[@dowoo5914]

Remember this is a Realtor’s position…I would recommend to do your own research before buying

[@ChamberlainGroup]

We would also recommend that. And for some, watching this and our channel is apart of their research 🧐 appreciate your comment and watching

[@sovereignty14]

Watching this channel since the cruel-insane times of late 2021 has been a massive help in my personal research. I ended up moving to Calgary a few months ago.

[@g-wagonsg-wagon3693]

😂😂😂 this guy is like a used car salesman selling houses

[@ChamberlainGroup]

@@g-wagonsg-wagon3693 I ain’t selling a single house here. 😂

[@kentbrosh8970]

Sure glad I bought my house and rental in Calgary 2017 and 2018. Move less stay longer.

[@MustyBastard]

Been 12 years in Edmonton and I am still underwater when it comes to what I paid VS what it is worth.

[@ChamberlainGroup]

Totally get it. We sold a rental in Red Deer last year and still wasn't worth what we paid 17 years ago. Trust me... Edmonton will have it's turn and over the coming couple of years, you could see that change!

[@sandeeptanjore1253]

@@ChamberlainGroup interesting fact presented. This means that not everywhere the prices have gone up. Wonder how it's in Fort McMurray

[@MapSpawn]

@5:58 that is a crazy looking tree. Cool video man, excellent quality!

[@ChamberlainGroup]

Appreciate the comment and watching. Glad it was helpful!!!

[@Mike-sl7zy]

Im looking to buy in the university district in Nw Calgary. It’s crazy how little supply there is! It’s such a nice new community being built!

[@ChamberlainGroup]

It’s a fantastic area. Can we help you with that search? www.chamberlaingroup.ca/contact/

[@cryptovegy8256]

nice to hear a bit of oil history thrown in there to realized how oil might tie to realestate in calgary at some point if I'm not mistaken. Anyway another oil crash might do just that. good content 👌

[@ChamberlainGroup]

Appreciate the view and taking time to comment.

[@starshiloh]

Great info Jared! Thanks for sharing.

[@ChamberlainGroup]

Glad it’s helpful Alex!

[@Jasm-Mustafa]

Whoever can afford, or have enough downpayment should buy their own home, because mortgage rates won’t go down and the money you pay for the rent just goes down to the drain. In my humble understanding buying a home is a wise choice.

[@ChamberlainGroup]

Sorry for delay in replying but I agree. Thanks for watching and commenting

[@christinecamley]

Terrific info and analysis as always!

[@ChamberlainGroup]

Thank you again. Appreciate you watching and commenting always.

[@BigHeadClan]

I've spoke to probably a dozen or so people about their new homes, I have a housing developer for a client (they do fantastic work) but even they'd admit too many new homes have major issues, from shifting floor and boards lifting, moisture issues in the roof, major leaks from foundations and good luck getting the builder back in to perform warranty work. Personally I'd say find a home in the 2008-2017 range , all of the major issues have already cropped up by that time and leave some type of sign of a problem if you keep a sharp eye out.
Its still modern construction so you shouldn't have any major foundation or structural issues and the roof and siding has probably recently been replaced due to the major storms we've had the past few years.

[@ChamberlainGroup]

Homes built in 2007-2009 were also 'slapped' together. That was another time where it seemed that there were corners cut. Appreciate you commenting.

[@LanceBryantGrigg]

Fun fact, this video was filmed right next to my young life stomping ground and you actually walked past one of my best friends house. He doesn't live there anymore, but it's like legit right on the right at about 2:40 seconds.

[@ChamberlainGroup]

Too funny!!! Good eye!

[@ambeemaree3603]

Great info, really enjoyed that

[@ChamberlainGroup]

Thank you. Appreciate you watching and taking time to comment

[@yb9355]

Hi, I am thinking of buying an Investment condo and what holds me from making the final decision, is, in my opinion, the attractiveness of condos will be significantly decreasing with the interest rate cuts and increased affordability. I am under impression that the price increase in the condo segment has been happening only due to the affordability issue. Your thoughts on this? Thanks

[@ChamberlainGroup]

Thank you for watching and commenting. My question to you is do you think affordability will return to the market? Want to chat more about this we can do it here -> www.chamberlaingroup.ca/contact/

[@libnizhr]

Condo owners always struggled and sold their properties at a lost, that was a reality here in alberta for many years. Things changed now however I believe condos will eventually go back to that as condo fees rise and owning a condo is just so restrictive compared to owning a house style property. However now they are booming

[@yb9355]

@libnizhr good point.

[@jozefciszewski2074]

If detached homes 700k are disappearing very fast, then condos will follow in faster speed because of affordability.

[@sandeeptanjore1253]

Why is that the Calgary market went into recession from 2014 to 2020 which also caused the property prices to go down to dirt cheap rates? and what caused the prices to sky rocket in 2021? As far as the job market is concerned has it even changed lately or has it been the same (that it was from 2014 to 2020) ?

[@sovereignty14]

Prices skyrocketed in 2021 because of absolutely unprecedented events like societal lockdowns & “health” mandates. Hello…?? Now, more & more Canadians have woken up to Alberta and not sure that'll slow down anytime soon.

[@sandeeptanjore1253]

@sovereignty14 the question is, did economy pick up which I don't think it did. Hello? The same type of jobs present even in 2021 till date plus a few large oil companies laid-off staff

[@sovereignty14]

@@sandeeptanjore1253 , again, the unprecedented insanity of recent years is what is behind all the migration across Canada; jobs are relatively a lesser issue.

[@Yelllowchild7]

False, price increase dramatically based on speculation. In my new neighborhood sign, also 70 homes out of 200 newly build have a rent sign

[@sovereignty14]

@@Yelllowchild7 , yes, after the unprecedented lockdowns and the advent of working from home, much more attention is on Calgary than ever before, unfortunately, particularly from foreign money that leads speculation practices.

[@SimonSuh]

Thank you for the video! ❤

[@ChamberlainGroup]

You’re welcome. Appreciate you taking time to comment.

[@SamueleLangeli]

All nice and dandy until the price of oil drops by an important margin then we are back at 2015 discounts and the national average will mean absolutely nothing ....

[@ChamberlainGroup]

Maybe… but maybe not. Thanks for the comment.

[@ahmedalfi8487]

Nice quote

[@ChamberlainGroup]

👍

[@XiaoxiaoYuyu-ug3gy]

#1 SHOULD BE NO MONEY

[@ChamberlainGroup]

😂 yup. Can’t buy a house without money!

[@Bytewalker]

"[interest ratese] they're going to come down in the coming months" . why would you assume this? even the BoC is terrible at forecasting needed rate changes until the last second. they could easily go the other way to 10%+

[@vasiliibogdan1291]

Rates will be at the bottom in 2024-2025 mark this comment

[@ChamberlainGroup]

They won’t be going up. And we won’t see them lower than mid pandemic either. There’s a balance that will be found at some point in the coming months or years.

[@vasiliibogdan1291]

@@ChamberlainGroup you are clueless of economics that 100%. 2024-2025 world will see a gigantic economic crisis mark this - you just amature trying to pitch more sales that all. No real advice.

[@ChamberlainGroup]

@@vasiliibogdan1291 I don’t see you handing out advice. Glad you know what’s ‘really’ going to happen.

[@vasiliibogdan1291]

@@ChamberlainGroup thats my advice - not buy anything until global fin crisis in about

[@AaronMoneyMindset]

Hey, great video. What kind of camera do you guys use? Your picture is so clear and vibrant (the quality and the colors).

[@ChamberlainGroup]

Thank you. We shoot on Sony A7iv’s

[@AaronMoneyMindset]

@ChamberlainGroup OK, thank you. You had such a great looking video quality.

[@dyivette1]

“Sleep at night fund” Part 1 = 6 months of needs. Part 2, do you have an average of how much should be saved by type of property? Just an idea? Thanks, love your videos. 😊

[@ChamberlainGroup]

How much to save for property types actually depends on you personally and how much you want monthly payments to be. Lets chat here so we can get that sorted for you www.chamberlaingroup.ca/contact/
Thank you for the kind words. Appreciate you watching.

[@addyinvest]

Nice video! Well done.

[@ChamberlainGroup]

Thank you!

[@sandeeptanjore1253]

Multiple offers? just feel so bad that I had to sell my home for a song in 2020 (after seeing the house prices go down rock bottom from the recession of 2014)

[@masternoremac3738]

Let the housing bubble pop first

[@maverickpinoy498]

And miss out because it ain’t gonna happen.

[@masternoremac3738]

@maverickpinoy498 Thats right fomo in boyke like the rekt plebs do... Make sure to pay over asking too!

[@jozefciszewski2074]

Keep dreaming until cows come home 😂😂😂

[@sovereignty14]

It will only pop when the unprecedented worldwide mass-immigration ends for about an entire generation.

[@g-wagonsg-wagon3693]

Exactly this guy wants to sell houses that's his job to make money

[@rachelk8368]

Interest rates are definitely going up in 2025.
After the politics in the States are cleared up they will raise again as the US economy is a beast and is growing despite the increased cost of borrowing.

[@stephenn88]

lol did not age well. Renting is helping someone 😛🦞😂

[@LanceBryantGrigg]

Property ownership is a 5 year game (minimum).

[@ChamberlainGroup]

It really is best to ply the long game. Agreed

[@sunieel408015]

Aren't you feeling cold?

[@ChamberlainGroup]

Nah… we’re Canadians. 😂

[@mikechrest6997]

The mayor and her cronies will drive the prices up with her blanket rezoning , this wont increase supply , it will simplely increase profit for developers

[@ophelia_III]

I can guarantee I will never be buying a house in Calgary.🤣

[@sandeeptanjore1253]

Interesting you said that. Any reason?

[@ophelia_III]

Mostly annoyed with Calgary locals commenting don’t move there. Their full. Acting like everyone wants to move to Alberta.
@@sandeeptanjore1253

[@ChamberlainGroup]

Have to remember sometimes the loudest people are the most correct. Do what’s best for you! www.chamberlaingroup.ca/contact/

[@Yelllowchild7]

Currently a lot of speculation is going on in Calgary, this accounts for majority of the inventory.
Once unemployment, or a real recession hits. There will be a lot of inventory offloading.
Even Toronto, Vancouver was not sustaining 1 month of inventory…

[@ChamberlainGroup]

I'm not sure how much inventory will be offloaded here in Calgary. Will be interesting to see how it plays out. We are so far from what we need to be for inventory levels in Calgary that it's hard to truly see what will happen.

[@BigHeadClan]

Calgary has been on the back-foot for the better part of 10 years, 2008-09 housing market crash (US based but still impacted Canada), 2015-2018 oil and gas crash and then got hit with COVID just as we were back on our feet.
There isn't that much offboarding to be had especially when you consider population growth for the City, if there is any don't be surprised for the top earners or banks to start buying up properties to drop infill homes in that spot for even higher than market rate and just sit on them as prices go up. Not only that a lot of owners resigned mortgages around the COVID time period and will be locked in for another 2-3 years.
The COVID recession already hit so unless another economic disturbance comes along this is the new norm for home prices, assuming of course the Fed doesn't actually pass any meaningful changes to address the housing issue.

[@dishappywithlife2556]

Our Country is screwed!!

[@The_Geo_Guy]

Too late

[@ChamberlainGroup]

Hey... it's 5 o'clock somewhere!

[@argeldelacruz9545]

Realtors always want more supply = more commissions

[@ChamberlainGroup]

Lol... nope... we want more supply so then there is less competing offers and we are able to actually help buyers find properties and then prices will stabilize. Totally the opposite! This market is hard for everyone involved in it.

[@jozefciszewski2074]

I didn't understand what You meant by saying donations.

[@ChamberlainGroup]

Sorry I’m not recalling where that was said.

[@benny871]

3:23 “savings and donations”

[@ChamberlainGroup]

ah… thank you for the time stamp. Donations meaning charitable or church donations for example.

[@jozefciszewski2074]

I just don't support donations because for example top dog red cross makes between 700-800k a year. To me it's pure scam. That's why I asked. I do help but directly from my hand to the person in need. ​@ChamberlainGroup