You need an appointment with a shrink dude. If folks can't find a place to rent there is no way that the market will crash! Who taught you about economics?
What’s the name of your shrink dude…you need to book another appointment. Mathew is our agent whom we just bought a home through and he’s a fantastic realtor and a true business community leader. Check your ignorance at the door.
Thanks Mathew, you’re always spot on. I live in Vancouver and the amount of people I know who are desperate to get to Calgary to purchase a home is insane. I also just heard about agencies of the rental market here in BC have been given the right to raise rental prices by 23%. If this doesn’t drive purchasers to other provinces I don’t know what will.
Thank you for the video. I've noticed that many listings in Ontario have been sitting on the market for quite a while. However, with the new rate announcement coming on September 4th, we might see a new wave of buyers entering the market. That said, the overall market outlook isn't looking too promising.
Brother. Everytime you think of an idea about the future, understand the opposite is true and you'll do good. Your just another fish in the sea with that belief about interest rates and... News flash... Everyone is wrong every time. The majority I'd always wrong. Always. If you think lots of buyers are coming with interest rates, then the truth is the opposite.
Stress test creates a buffer zone of having extra cash to acually pay your debt...its a safty feature. Plus removiing that would make the housing go up.
@@MorethanGUNZ I really wish I could have found the source material. It's very frustrating that the majority of news outlets do not post links to their sources.
@@argeldelacruz9545 the best rate isn't always the best mortgage though. If I was you I would chat with your mortgage broker to see what's the best option for you.
Either way you lose. You can't afford it so you're borrowing. So you'll lose it does t matter if you pick variable or fixed you still can't afford it and a 20-30 year responsibility is a long time to dodge disease and injury. If you can't afford a house bro buy some stocks or something. The time for debt was in the 70's till now. If you have debt your house is essentially mine you just dont know it yet.
Go take your variable rate and when your mortgage company goes bust and a new bank calls your mortgage and no one will renew these risky loans to the peasants, trust me it's my house.
Oxford smokes something very very strong! Thanks for pointing out their previous predictions as most predictors were way off! Thanks for a great video as always, you rock !!! 😊💪🏻
Calgary did come out with 8% unemployment rates, and stats showing many immigrants moving to Calgary are leaving but I'm not sure what their impact is on real estate purchases. I'd find it very surprising if housing dropped in Calgary as it seems to still be a strong market.
That 8% unemployment number is really misleading. Unemployment is up so high because the population is growing faster than they can create jobs. There are more people in Calgary with jobs right now than at any point in history.
There is no signs of unemployment cooling off. Even experienced people have a hard time finding a new job. There is heavy wage suppression that will not allow anyone to upscale or move up. So. developers wont build anything and inventories will keep increasing, but prices will stagnate. Canadian economy and worker's productivity will not allow home price increase. the number of houses to population will continue to fall, homelessness will increase. Not sure if JT government is going to try to pull something before election, or make it even worse for pierre to do anything. Anyways , canada will keep going down from its current state, real estate will go along. No change in trajectory for 1 year atleast. Immigration is becoming a big topic now as none of canadians young people can find any jobs, so lets wait and see if they cap it. But, there are no signs for overall real estate growth, other than in some local areas.
You are absolutely right. At least in Calgary, I can see how the housing market is cooling down these days. No one is buying now and we see > 30 days on market for even fine properties!
@@amirhosseinsefati it's still very busy in Calgary. Saying no one is buying isn't accurate. Sales are still 10-15% above the five year average which includes the three best years Calgary has ever had. It's slowed down from the insanity of earlier in the year for sure though.
The government has no choice but to keep the RE market on life-support. The election is only ~year away. Furthermore, the amount of people piling into Canada means that you are going to continue to see massive upward pressure on rents. This will have a corresponding effect on prices. Calgary specifically has a lot of room to run before it catches up with the bigger cities. Expect that Calgary will continue to see price appreciation into next year.
Wrong. Depression and then mass exodus of immigrants wanting to leave in bad times, combined with super charged house building equals way too much supply and real demand will be zero (people who can buy)
When corona hit Calgary the smart people start to buy a lots of houses because they know the economy will turn back and it did, so imagine now ,the prices in Calgary will keep going up and up because the worst it behind us .
Finally people are actually using their brain. Houses in Calgary is over priced , over inflated. It should only cost 300k to 400k ....not 800 to 900k. Thats almost 50 percent. People now realize its too expensive. Its Calgary not Toronto or Vancouver 😂😂
By 45 days you mean January and February of Jan 2025 right? Because thats when im looking to buy in Calgary. 😪 Oh never mind, its going up even more....
always DOOM then BOOM or the other way around who knows with you AGENTS.... no wonder people are confused. or perhaps you all just love to ''it's over Calgary'' ''it's over Toronto Condos'' ''it's over Vancouver''. must be tiring to be the bearer of bad news all the time? at a drop of a hat or a hick up you all change your tune and you all say the same thing over and over. try to be optimistic in life, it's so much better.
@@peej91 just like the mortgage deferral cliff? We have already had all the variable rate mortgage holders see the impact of the higher rates and close to 2M fix rate holders. That is basically already 50% of all mortgage holders who are already feeling the impact of the higher rates. So when exactly is this "cliff" coming that isn't already here?
![Buying NW Calgary Houses for Sale [Pros and Cons]](http://i.ytimg.com/vi/ugA0QQiItRo/mqdefault.jpg)
You need an appointment with a shrink dude. If folks can't find a place to rent there is no way that the market will crash! Who taught you about economics?
@@teleoneil7214 congratulations on reading the title and then going directly to the comments section without actually watching the video 👍
What’s the name of your shrink dude…you need to book another appointment.
Mathew is our agent whom we just bought a home through and he’s a fantastic realtor and a true business community leader.
Check your ignorance at the door.
@@Keekonuts thank you for the kind words. It was a pleasure to help you make your move to Regina.
Thanks Mathew, you’re always spot on.
I live in Vancouver and the amount of people I know who are desperate to get to Calgary to purchase a home is insane. I also just heard about agencies of the rental market here in BC have been given the right to raise rental prices by 23%. If this doesn’t drive purchasers to other provinces I don’t know what will.
Thank you very much!
Thank you for the video. I've noticed that many listings in Ontario have been sitting on the market for quite a while. However, with the new rate announcement coming on September 4th, we might see a new wave of buyers entering the market. That said, the overall market outlook isn't looking too promising.
I think Ontario is going to be sluggish for a while still.
Brother. Everytime you think of an idea about the future, understand the opposite is true and you'll do good. Your just another fish in the sea with that belief about interest rates and... News flash... Everyone is wrong every time. The majority I'd always wrong. Always. If you think lots of buyers are coming with interest rates, then the truth is the opposite.
@@JasonDeville-fi4dh ok then 🤷♂
Stress test creates a buffer zone of having extra cash to acually pay your debt...its a safty feature. Plus removiing that would make the housing go up.
That is the way I see it too.
Thank you for addressing the lack of reference material in Oxford economics article and their aggressive decline Calgary prediction.
@@MorethanGUNZ I really wish I could have found the source material. It's very frustrating that the majority of news outlets do not post links to their sources.
And where's his "reference material"?
@@alexrubin5955 I always link the articles I speak about in the description of my videos. You can check there.
Great video go ahead
@@movingtokitchenerwaterloo thank you
I’ll take half price variable rates this has been a tough few years.. can you let me know when I should switch to fixed rates???
@@argeldelacruz9545 the best rate isn't always the best mortgage though. If I was you I would chat with your mortgage broker to see what's the best option for you.
Either way you lose. You can't afford it so you're borrowing. So you'll lose it does t matter if you pick variable or fixed you still can't afford it and a 20-30 year responsibility is a long time to dodge disease and injury. If you can't afford a house bro buy some stocks or something. The time for debt was in the 70's till now. If you have debt your house is essentially mine you just dont know it yet.
Go take your variable rate and when your mortgage company goes bust and a new bank calls your mortgage and no one will renew these risky loans to the peasants, trust me it's my house.
@@JasonDeville-fi4dh ugh ok then I guess 🤷♂
@@JasonDeville-fi4dh that's not how it works but ok then
Oxford smokes something very very strong! Thanks for pointing out their previous predictions as most predictors were way off! Thanks for a great video as always, you rock !!! 😊💪🏻
@@Mango-ew5du thank you for all of your support!
Yes, the unemployed and underemployed are going to throw $100K over asking with no conditions! Peak delusions...
@@alexrubin5955 just checking are you going to copy and paste this a few more times in the comments section?
@@BaldPrairieRealEstate Some things have to be said, no matter how many times.
@@alexrubin5955 ok then 🤷♂️
Great video!!
Thank you!
I am hearing layoffs news daily from friends.No rate cut on real estate 😢😢
@@2610448 there's already been two rate cuts, and more expected. Fixed rates are down almost 1.5% since the start of the year.
Calgary did come out with 8% unemployment rates, and stats showing many immigrants moving to Calgary are leaving but I'm not sure what their impact is on real estate purchases. I'd find it very surprising if housing dropped in Calgary as it seems to still be a strong market.
That 8% unemployment number is really misleading. Unemployment is up so high because the population is growing faster than they can create jobs. There are more people in Calgary with jobs right now than at any point in history.
@@BaldPrairieRealEstate good point
The unemployment rate is not misleading. People without jobs do not have an income and are a drag on the economy. The fundamentals matter.
@@zomgoose it's misleading because it makes it appear as if Calgary is losing jobs which it is not.
Hey bald bro you remind me of victor zasz from gotham series 😮 but anyways it’s an infomative video 😅
@@arsh0189 Victor Zasz is way cooler than I am! 😁😂
@@BaldPrairieRealEstate 😂😂😂😂 , have you watched gotham??
@@arsh0189 no I haven't.
I heard someone got 3 years fix 4.3% negotiated with his bank
@@alexhakimi7642 that's a pretty good 3 year rate
There is no signs of unemployment cooling off. Even experienced people have a hard time finding a new job. There is heavy wage suppression that will not allow anyone to upscale or move up. So. developers wont build anything and inventories will keep increasing, but prices will stagnate. Canadian economy and worker's productivity will not allow home price increase. the number of houses to population will continue to fall, homelessness will increase. Not sure if JT government is going to try to pull something before election, or make it even worse for pierre to do anything. Anyways , canada will keep going down from its current state, real estate will go along. No change in trajectory for 1 year atleast. Immigration is becoming a big topic now as none of canadians young people can find any jobs, so lets wait and see if they cap it. But, there are no signs for overall real estate growth, other than in some local areas.
There is one sign . Immigration has reached its breaking point even for politicians
@@rockshankar are those "local areas" every province expect BC and Ontario?
@@mattmclaughlin2504 only because it's not politically popular. As soon as it's not they will go back to doing what they were before.
You are absolutely right. At least in Calgary, I can see how the housing market is cooling down these days. No one is buying now and we see > 30 days on market for even fine properties!
@@amirhosseinsefati it's still very busy in Calgary. Saying no one is buying isn't accurate. Sales are still 10-15% above the five year average which includes the three best years Calgary has ever had. It's slowed down from the insanity of earlier in the year for sure though.
yes if oil price crashes suddenly, but what every buyers see is rate will crash but not oil
Yes the energy market is a major factor in Calgary's real estate market.
The government has no choice but to keep the RE market on life-support. The election is only ~year away. Furthermore, the amount of people piling into Canada means that you are going to continue to see massive upward pressure on rents. This will have a corresponding effect on prices. Calgary specifically has a lot of room to run before it catches up with the bigger cities. Expect that Calgary will continue to see price appreciation into next year.
Very much so. Great points.
Wrong. Depression and then mass exodus of immigrants wanting to leave in bad times, combined with super charged house building equals way too much supply and real demand will be zero (people who can buy)
Government allows duel citizens and they don't make you cut ties. So there will not be an Indian in sight in about 1-2 years or even less.
add 135 days to your 45 days to make it a correct time line.
I'd still be surprised to see it in that timeframe personally.
1000% CORRECT Prices are dropping.
Still 30%over priced.
Builders are very greedy this days.
See what will happen for next 6 months
@@mtransport2144 what do you think will happen over the next six months?
When corona hit Calgary the smart people start to buy a lots of houses because they know the economy will turn back and it did, so imagine now ,the prices in Calgary will keep going up and up because the worst it behind us .
Finally people are actually using their brain. Houses in Calgary is over priced , over inflated. It should only cost 300k to 400k ....not 800 to 900k. Thats almost 50 percent. People now realize its too expensive. Its Calgary not Toronto or Vancouver 😂😂
@@2john149 you are right, Calgary is not Toronto or Vancouver, it's better 😃.
By 45 days you mean January and February of Jan 2025 right? Because thats when im looking to buy in Calgary. 😪 Oh never mind, its going up even more....
@@The1sunnydmusic 🤣🤣
always DOOM then BOOM or the other way around who knows with you AGENTS.... no wonder people are confused. or perhaps you all just love to ''it's over Calgary''
''it's over Toronto Condos'' ''it's over Vancouver''. must be tiring to be the bearer of bad news all the time? at a drop of a hat or a hick up you all change your tune and you all say the same thing over and over. try to be optimistic in life, it's so much better.
This is a tell me you didn't watch the video without telling me you didn't watch the video comment.
Not a chance. As rates drop it will heat up the housing market even more
Lol when rates drop people will buy in Ontario again and leave Alberta
@@derekbk9093 I think it's going to take at least a percentage point or two to really get people off the fence.
@@mattmclaughlin2504 I don't think people in Alberta would be bothered very much if everyone from Ontario went back to Ontario.
We’ll see… the mortgage renewal cliff has yet to happen.
@@peej91 just like the mortgage deferral cliff? We have already had all the variable rate mortgage holders see the impact of the higher rates and close to 2M fix rate holders. That is basically already 50% of all mortgage holders who are already feeling the impact of the higher rates. So when exactly is this "cliff" coming that isn't already here?
You have no clue dude
@@dman9416 oh really? Why is that?
He went through all his sources and cited them and compiled his facts and the guy says he has no clue 😂😂
@@Noheatcooltech and since they didn't respond I have no clue what I have no clue about 🤣
@@Noheatcooltech and neither do you 🤡
i agree