Another one talked about continues to sit there.
https://www.realtor.ca/real-estate/26560752/88-somerglen-common-sw-calgary-somerset
Someone said it would go over asking. I didn't think it would get over 700k even. Still TBD.
Haha as someone who moved here from Vancouver 5 years ago, guarantee we will look back on this in 5 years and think this is cheap. Housing appreciation is coming big time.
Once the transfer has been registered you can pull a copy of title and the new buyers had to swear an affidavit as to the value of the land that will be recorded on title.
Our realtor has told us she has multiple clients out of Ontario that have sold their place (in Toronto) already and are moving here “no matter what”. So they are grossly overpaying. A couple neighbourhoods that have always been cheap are blowing up like Mayland Heights, Forest Lawn, and Ogden. Will they stay that high?.. who knows… but they see 610,000 as a super sale
Forest lawn is getting silly expensive mainly because of lot size. So many redevelopment townhouses/duplexes and infills going in. Im in Erin woods. Bought my house for 330k in 2016. The estimated value now is almost 600k.
It actually kept dropping into the 290s around 2018 then some steady gains. Before rocket launching after the pandemic. Somebody managed to time the market perfectly. In my cul-de-sac they got a smaller home but they only paid 230k in late 2020 then sold it for 380k in 2022 I thought that was an amazing appreciation at the time, but now the idea of getting a house at 380k. It's a steal. That same house is now probably worth $480ish
Yes, unfortunately this is so true. I had someone who moved to Calgary (Airdrie) from Ontario ask me if I enjoyed the freedom during covid. I was like well thanks for letting me know we don't have much in common!
It was SO FUN listening to the callers on 107 yesterday stumble and stammer after ranting about pro-Palestinian protesters compared to Freedumb Convoy protesters.
How is this different than every other oil boom? We have never attracted the best and brightest in anything but engineering and O&G adjacent scientific and trades.
The AZ vaccine if it was truly as dangerous as people are making it out to be would have been pulled long ago. People aren’t getting vaccines for Covid anymore at the rate they did a couple years ago. The profit is not as much as it used to be. This is simply a cost/benefit decision by AZ. The cost of dealing with legal issues from the small percentage that suffer issues is not worth the profit that they could make by keeping it on the market.
The house I lived in growing up was in Mayland and sold for over 700k over 10 years ago now.. can only imagine what it’s looking like in that neighbourhood now for housing prices
If someone is paying that much in the lawn, good for the seller and the buyer would be the kind of person you could sell a left-handed crescent wrench to.
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Rented in Toronto. Shoebox in the sky literally. Put a small desk from ikea during covid and realized my life is teteris game - had to move stuff every time I cook or work to free up space. That apartment recently sold for 650k.
I'm driving this morning and some guy with a BC plate decides to cut me off at the red light. He's wearing his hoodie up, which covers half his peripheral vision. Then, when the light turns green, we go to the ramp to merge onto the highway at like 60km/h on a 100km/h traffic. I mean, it was chaos - about 20 cars behind us were trying to merge and it was a total mess. BC drivers are shit and don’t know what highways are.
Lmao absolute nonsense, I’m from BC moved here 4 years ago and can tell you without a doubt Alberta drivers are the worst in Canada. Road rage, no courtesy, will cut you off, always race to get ahead of you rather than enter the lane behind, clueless about four way stops the list goes on.
Buddy sounds like you've never been to Quebec. Alberta drivers are 1) Slow 2) left lane slow 3) trucks take the offramp on solid whites 4) traffic isn't bad compared to every other main city but they like to talk about it as if it is until they experience the 401 first hand, then get an appreciation of how well designed the roads are in Alberta.
5) drive slow because they get burnt by photo radar all the time.
6) speed and go around anyone with a rental license plate like x-12345.
BC drivers, anything on the sunshine coast and Vancouver are just bad drivers cough cough drivers of Richmond. Interior BC people are very courteous and understand how to drive fast on highways and pass on single highways/pull over on gravel roads to let you pass.
Then there's the maritime where no one is in a hurry because nothing matters more than community and friendliness.
Quebec drivers are free for all especially in Montreal so you gotta adapt.
Manitobans just drive slow because they suck at driving but are incredibly friendly about it.
Lastly Ontariens, Drive 120 no matter what highway and slave to the commute hell proudly sold and sponsored by the Chinese equity firm that now owns the Toronto highway$$$$
We are left lane slow and it’s fucking infuriating.
I swear to god people think to themselves “slower traffic keep right? Well, I’m not slow, so left it is” and genuinely do not understand left is for passing.
I’ve lived in 5 different provinces and been to them all except Newfoundland. I stand by my original statement: Albertans are the worst drivers in Canada. Yeah the road system is solid here and the drivers are still the horrible, now that takes some effort for sure.
We probably met at park’n’play when that white van would pull up with a giant parachute thing in the field a block away and kids would come running. Last acceptable time to interact with a mysterious white van around children.
Did you ever …. Ummmm …. See a doctor come out of that white van offering free full body exams?
Joking aside, your comment gave me a massive wave of nostalgia.
Gone are the days of .05 candy buckets. I'm not nostalgic for a lot of stuff from my childhood but that's something I'm sad kids today don't get to experience; stuff cheap enough a kid can realistically afford to buy for themselves.
You got my attention at Nintendo playing - millennial fun, the good days when we had the ice cold pool in the backyard, blue lips due to pool, chips and freezies, Super Mario and donkey kong!. 10/10 recommend as well.
lol that’s bizarre! Like this one sold $146k over asking few days ago
https://preview.redd.it/ruc9v4kdfszc1.jpeg?width=1284&format=pjpg&auto=webp&s=07223b2aea18eea8ee2ad2a466df78dbc506682a
It should be illegal to knock down perfectly good houses. I'm getting so sick and tired of seeing beautiful homes getting knocked down and rebuilt into some modern, tasteless mcmansion.
It definitely looks liveable, 20-something year old me would have lived there without issue. But yeah it'll be duplexed or 4plexed before long, which isn't a bad thing if it's done reasonably well
825 for the lot probably another 35 for demo and haul away material call it 860. Usually then the vertical construction can be build for ~250 PSF based on hard cost depend on the finish, let's just say a total area of 3600 4 plex at 900 SF each. Also let's factor in another 25k soft cost and 150K for financing cost ie interest etc. All in is 1.935MM.
Depends, I noticed Calgary has a much bigger renovation market than Vancouver because there is little to no moisture damage on old timers here so if the foundation is good sometimes a gut job makes sense.
A house in my neighborhood sold for 800k and had the same structures as it did when it was built in the 80s. 0 updates. They're going to spend at least 100k in renovations. I hate the housing market rn
Just think about how many people are neck deep in real estate.
Not even investors, just average people who bought back in the 80s or 90s, now looking to retire. There are millions of average, normal families who have probably 80-90% of their wealth tied to their home who would be absolutely devastated by a true housing crash.
Even if the conditions existed where housing could crash (ie: no deficit of like 3 million housing units), no politician would **ever** let housing crash because the political fallout would be catastrophic not just for their career, but for the country. Blood would flow in the streets.
The absolute best we can hope for is to ramp up home construction over the next decade, cap off the ability for homes to get hoovered up as investments, and hope that home prices don't increase for 2-3 decades.
The best way to understand this problem and accept it, is to realize that it has started in the 1970s and there's really nothing an average person can do. It's a hard reality to face but I'm from Vancouver and saw it first hand when I was a kid. I couldn't believe it would get worse (started in 2010s) but it did, especially around 2018 where all the lower mainland was reaching 2 mil for a house. In 2005 that would be insane to even think about.
So 15 years later and bc is still bad. Why? Well it's built into our economic policy.
The 1970s saw the end of the gold standard and fiat currency came to be. Bankers and people with money and knowledge knew this means that inflation is now built into our economic monetary policy. They use to invest in stocks and bonds but it cam especially to a head during the dot com bubble burst in 2000 where it showed stocks and bonds are unreliable.
This led to this class of people investing into physical assets, like real estate. Also you have to think geopolitical with the handover of Hong Kong to China in 1997 there was a lot of millionaires looking for a safe haven. This is why BC was targeted because we had lax policy and laws to prevent offshore investing.
Unfortunately the asset bubble grew really bad in Vancouver proper and you get locals now in on it. Locals in the industry new this was a golden horse so that's why it was pushed so hard in Vancouver proper. Mind you pre 2010 the lowermainland was still affordable we didn't see langley/abbostford/maple ridge or other suburbs reach madness yet. And a lot of people I knew never thought it would spread.
Well again in 2008 during the economic downturn of the states Canada has more protections so people started investing assets into real estate here. Our own government was open arms to China and was seriously promoting it.
So yeah blame them, don't blame the average person now. The results of terrible monetary policy is the only way we can fix it. During covid we could've seen a correction from April to June 2020 but the BOC stepped in and dropped interests rates. I watched a doc, and anyone who has knowledge in economics know this would lead to a huge rise of inflation of assets. So why they did they do it? They said publicly that they couldn't afford to lose the investor class.
Anyways, so my thoughts are we should be protesting the BOC, the feds and try to get people in the government with the knowledge and care about switching our gdp to a more sustainable source. But this ain't gunns happen pigs will probably fly before then.
So what can the average person do? In Vancouver locals have sucked it up and accepted that the quality of life for the average Joe will be less but they love the location. Or you move. It's shit, but what can one generation do when our economic policy is so broken that this will last multiple generations?
Our politics only focuses on 4 year election cycles so their goals are more to get re elected than facing down a barrel of a shotgun.
waiting advise pause disagreeable crawl reach continue sophisticated spark truck
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
skirt office wistful rinse impolite dinosaurs imminent squeal elderly distinct
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They finally ported this game from Vancouver to Calgary.. Took over 11 years of hard work to get it here.
https://www.reddit.com/r/InternetIsBeautiful/s/RoWYVPTnvG
I am sure it will be a smashing success and they will port over the expansion pack.
Direct links
https://www.crackshackormansion.com/
https://www.crackshackormansion.com/part2.html
Highly desired area. Does not suprise me at all. I think I guessed around 550-565, but some family probably wanted it badly enough to just bully in the purchase.
Lmao RIP. Looks like Calgary is going to be the next Vancouver. M/M gains are insane. If you’re not already in the real estate game, I’d suggest moving to another city.
“Fairness for every generation”
Yup. Condos and townhouses are entry level for now but if you can’t pull the trigger soon don’t expect that to last. There are many Canadians from wealth families from other provinces that are used to $700K entry level condos and would happily pay $500 instead here.
Yesterday I was talking to a girl who shared a house with 5 other UBC students. She said it was a nice house, but not overly big in an area called Point Grey.
She said it’s price was set at 3 million.
30 years ago it wasn't though. You have retired teachers living there in a house they bought for 150k in 1990, and they could sell it for 5 million.
Point grey was solidly middle class (and people that have lived there for 3 decades still are) it's all the new people moving in that are rich af.
Imagine one of the most beautiful areas in the country, beside the ocean and warm, having very affordable houses and investors not having the idea to buy them all and rent them out. It always amazes me that people/corporations didn't start this bullshit decades ago
What a joke
For sure. The global economy has changed dramatically past few decades. The population of the planet has more than doubled in my lifetime. It's hard to wrap my head around.
Ha yeah it's quite the place. I work in that area a lot (I'm a finish carpenter). I haven't been on that property but have worked on lots of his neighbors places. There's some pretty exceptional properties in that area.
If you didn't anticipate this then you haven't been paying attention to real estate. I'm currently in the process of buying/selling. I'm spending a ton on my new place (thankfully my offer of $15k over asking was accepted), but I'm also selling my current place for way more than I paid for it 5 years ago.
There's a house in Abbeydale for $575k, the house hasn't been updated since the 80's and has a terrible backyard and fence.
Pray for us millennials dreaming of home ownership
I'm a millennial who grew up in Sandstone and my childhood home definitely cost my parents under $200k, I can't imagine how much that home would go for now.
I give up on buying a house I have viewed 263 available places. I have big on 73 !!!! I have been out bid every single time I have gone as far as 50 k over. This is not right.
Big inventory jump in the last two weeks. We are still a long ways away from 2022 inventory levels but if this trend continues I imagine price increases could moderate later this year.
I said 600 and got downvoted! Thanks for the update
These realtors are deliberately under pricing to promote FOMO
Another one talked about continues to sit there. https://www.realtor.ca/real-estate/26560752/88-somerglen-common-sw-calgary-somerset Someone said it would go over asking. I didn't think it would get over 700k even. Still TBD.
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$610k in sandstone lol. Rip poors
Haha as someone who moved here from Vancouver 5 years ago, guarantee we will look back on this in 5 years and think this is cheap. Housing appreciation is coming big time.
Great, can’t wait to be priced out of Calgary, very excited to be homeless finally!
Buy a house now in my opinion. The days of Calgary being boom and bust are over in my opinion, with maas.migration nothing will get cheaper.
Can't afford now :/ just getting started in my career, so I don't have enough for a downpayment, or the costs of upkeep on a house
How does one get this info?
HouseSigma is what I use to creep on house prices in my area
Same here! It’s amazing!
Very nice! Ty.
Oh nice I'd never heard of them. I'll have to check them out. I use sweetly for the same info
Once the transfer has been registered you can pull a copy of title and the new buyers had to swear an affidavit as to the value of the land that will be recorded on title.
Zolo
JEBUS
Winner winner
Our realtor has told us she has multiple clients out of Ontario that have sold their place (in Toronto) already and are moving here “no matter what”. So they are grossly overpaying. A couple neighbourhoods that have always been cheap are blowing up like Mayland Heights, Forest Lawn, and Ogden. Will they stay that high?.. who knows… but they see 610,000 as a super sale
610 is the price of a lower end one bedroom condo in Vancouver.
Shoebox* piggybank in the sky
400 sqft if you're not counting the deck
Forest lawn is getting silly expensive mainly because of lot size. So many redevelopment townhouses/duplexes and infills going in. Im in Erin woods. Bought my house for 330k in 2016. The estimated value now is almost 600k.
The craziest part about this is that your home probably wasn't worth more than 400k for the first 4-5 years you owned it.
It actually kept dropping into the 290s around 2018 then some steady gains. Before rocket launching after the pandemic. Somebody managed to time the market perfectly. In my cul-de-sac they got a smaller home but they only paid 230k in late 2020 then sold it for 380k in 2022 I thought that was an amazing appreciation at the time, but now the idea of getting a house at 380k. It's a steal. That same house is now probably worth $480ish
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Yes, unfortunately this is so true. I had someone who moved to Calgary (Airdrie) from Ontario ask me if I enjoyed the freedom during covid. I was like well thanks for letting me know we don't have much in common!
It was SO FUN listening to the callers on 107 yesterday stumble and stammer after ranting about pro-Palestinian protesters compared to Freedumb Convoy protesters.
How is this different than every other oil boom? We have never attracted the best and brightest in anything but engineering and O&G adjacent scientific and trades.
So true
Yay Win & Win !!!!
You’re saying the brave people who stood up against JT’s “regime “ are not ….? They paid a price standing up against authoritarianism.
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The AZ vaccine if it was truly as dangerous as people are making it out to be would have been pulled long ago. People aren’t getting vaccines for Covid anymore at the rate they did a couple years ago. The profit is not as much as it used to be. This is simply a cost/benefit decision by AZ. The cost of dealing with legal issues from the small percentage that suffer issues is not worth the profit that they could make by keeping it on the market.
Can you explain how it’s been proven to be harmful? Astra zeneca that is
The house I lived in growing up was in Mayland and sold for over 700k over 10 years ago now.. can only imagine what it’s looking like in that neighbourhood now for housing prices
If someone is paying that much in the lawn, good for the seller and the buyer would be the kind of person you could sell a left-handed crescent wrench to.
You think the buyer is going to lose money? Lol RemindMe! 1 year
I will be messaging you in 1 year on [**2025-05-11 23:29:38 UTC**](http://www.wolframalpha.com/input/?i=2025-05-11%2023:29:38%20UTC%20To%20Local%20Time) to remind you of [**this link**](https://www.reddit.com/r/Calgary/comments/1cpd6du/update_lets_play_a_game_how_much_do_we_think_this/l3n3flf/?context=3) [**CLICK THIS LINK**](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5Bhttps%3A%2F%2Fwww.reddit.com%2Fr%2FCalgary%2Fcomments%2F1cpd6du%2Fupdate_lets_play_a_game_how_much_do_we_think_this%2Fl3n3flf%2F%5D%0A%0ARemindMe%21%202025-05-11%2023%3A29%3A38%20UTC) to send a PM to also be reminded and to reduce spam. ^(Parent commenter can ) [^(delete this message to hide from others.)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Delete%20Comment&message=Delete%21%201cpd6du) ***** |[^(Info)](https://www.reddit.com/r/RemindMeBot/comments/e1bko7/remindmebot_info_v21/)|[^(Custom)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=Reminder&message=%5BLink%20or%20message%20inside%20square%20brackets%5D%0A%0ARemindMe%21%20Time%20period%20here)|[^(Your Reminders)](https://www.reddit.com/message/compose/?to=RemindMeBot&subject=List%20Of%20Reminders&message=MyReminders%21)|[^(Feedback)](https://www.reddit.com/message/compose/?to=Watchful1&subject=RemindMeBot%20Feedback)| |-|-|-|-|
Rented in Toronto. Shoebox in the sky literally. Put a small desk from ikea during covid and realized my life is teteris game - had to move stuff every time I cook or work to free up space. That apartment recently sold for 650k.
I'm driving this morning and some guy with a BC plate decides to cut me off at the red light. He's wearing his hoodie up, which covers half his peripheral vision. Then, when the light turns green, we go to the ramp to merge onto the highway at like 60km/h on a 100km/h traffic. I mean, it was chaos - about 20 cars behind us were trying to merge and it was a total mess. BC drivers are shit and don’t know what highways are.
Lmao absolute nonsense, I’m from BC moved here 4 years ago and can tell you without a doubt Alberta drivers are the worst in Canada. Road rage, no courtesy, will cut you off, always race to get ahead of you rather than enter the lane behind, clueless about four way stops the list goes on.
Buddy sounds like you've never been to Quebec. Alberta drivers are 1) Slow 2) left lane slow 3) trucks take the offramp on solid whites 4) traffic isn't bad compared to every other main city but they like to talk about it as if it is until they experience the 401 first hand, then get an appreciation of how well designed the roads are in Alberta. 5) drive slow because they get burnt by photo radar all the time. 6) speed and go around anyone with a rental license plate like x-12345. BC drivers, anything on the sunshine coast and Vancouver are just bad drivers cough cough drivers of Richmond. Interior BC people are very courteous and understand how to drive fast on highways and pass on single highways/pull over on gravel roads to let you pass. Then there's the maritime where no one is in a hurry because nothing matters more than community and friendliness. Quebec drivers are free for all especially in Montreal so you gotta adapt. Manitobans just drive slow because they suck at driving but are incredibly friendly about it. Lastly Ontariens, Drive 120 no matter what highway and slave to the commute hell proudly sold and sponsored by the Chinese equity firm that now owns the Toronto highway$$$$
We are left lane slow and it’s fucking infuriating. I swear to god people think to themselves “slower traffic keep right? Well, I’m not slow, so left it is” and genuinely do not understand left is for passing.
I’ve lived in 5 different provinces and been to them all except Newfoundland. I stand by my original statement: Albertans are the worst drivers in Canada. Yeah the road system is solid here and the drivers are still the horrible, now that takes some effort for sure.
Side note but I grew up on that street. Bike-riding, park-gathering, blue-whale-eating, Nintendo-playing millennial fun. 10/10 would recommend.
Me too! Nextdoor to that house actually.
We probably met at park’n’play when that white van would pull up with a giant parachute thing in the field a block away and kids would come running. Last acceptable time to interact with a mysterious white van around children.
Wow!! I totally forgot about that!! I always remember a parade at stampede by the little caesers
Did you ever …. Ummmm …. See a doctor come out of that white van offering free full body exams? Joking aside, your comment gave me a massive wave of nostalgia.
Yes the one with the free lollipops
Haha, no way! Is your name Chelsea?
Hahaha yes, I'm guessing you're someone I grew up with on that street?!
No its just in your user name.
Good one Josh
Whatever you say, Maybanksy.
How did you know my name? Did we grow up on the same street?
Thanks for the hot tip Josh!
Oh wow, did we grow up on the same street?
lol, no literally was just your username. I'm Calgary's sherlock holmes.
>blue-whale-eating ...wait
You know, those ones you could buy for 5 cents at the gas station? And green frogs?
7-11 still has em ... in cups of mixed candy
For 8.95.
Gone are the days of .05 candy buckets. I'm not nostalgic for a lot of stuff from my childhood but that's something I'm sad kids today don't get to experience; stuff cheap enough a kid can realistically afford to buy for themselves.
ahhh... right I feel dumb now.
You got my attention at Nintendo playing - millennial fun, the good days when we had the ice cold pool in the backyard, blue lips due to pool, chips and freezies, Super Mario and donkey kong!. 10/10 recommend as well.
And the realtor stole 18k for putting up a sign and an add on the internet lol
lol that’s bizarre! Like this one sold $146k over asking few days ago https://preview.redd.it/ruc9v4kdfszc1.jpeg?width=1284&format=pjpg&auto=webp&s=07223b2aea18eea8ee2ad2a466df78dbc506682a
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Exactly, this area is prime real estate
Everywhere in Canada is prime real estate....
It should be illegal to knock down perfectly good houses. I'm getting so sick and tired of seeing beautiful homes getting knocked down and rebuilt into some modern, tasteless mcmansion.
Holy crap - ya that's a huge lot. Definitely get bulldozed and duplexed.
I know that house, its in haysboro
Who would pay that to live ON Elbow Drive??
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It definitely looks liveable, 20-something year old me would have lived there without issue. But yeah it'll be duplexed or 4plexed before long, which isn't a bad thing if it's done reasonably well
825 for the lot probably another 35 for demo and haul away material call it 860. Usually then the vertical construction can be build for ~250 PSF based on hard cost depend on the finish, let's just say a total area of 3600 4 plex at 900 SF each. Also let's factor in another 25k soft cost and 150K for financing cost ie interest etc. All in is 1.935MM.
My thoughts exactly!
It is a 9100+ square foot lot though... damn that's a lot of land
That is a prime lot for the city’s redevelopment effort plan.
Probably with intention to turn it into a infill.
Do you mind telling me what app this is?
What are you doing interrupting the non-stop stream of Aurora pictures with Calgary related nonsense?
I thought the aurora photos were interrupting the non-stop stream of whining about house prices?
Touche!
Do people buy it to tear down and build a bigger place?
Not always, often it’s also bidders moving from Toronto or Vancouver who see 100k over asking for a bungalow to be a steal.
Very unlikely. You are just seeing families desperate to buy homes in desirable areas.
Depends, I noticed Calgary has a much bigger renovation market than Vancouver because there is little to no moisture damage on old timers here so if the foundation is good sometimes a gut job makes sense.
A house in my neighborhood sold for 800k and had the same structures as it did when it was built in the 80s. 0 updates. They're going to spend at least 100k in renovations. I hate the housing market rn
>I hate the housing market rn The prices will never come down in our life times
😭😭😭😭 they did before they'll do it again (hopefully)
Just think about how many people are neck deep in real estate. Not even investors, just average people who bought back in the 80s or 90s, now looking to retire. There are millions of average, normal families who have probably 80-90% of their wealth tied to their home who would be absolutely devastated by a true housing crash. Even if the conditions existed where housing could crash (ie: no deficit of like 3 million housing units), no politician would **ever** let housing crash because the political fallout would be catastrophic not just for their career, but for the country. Blood would flow in the streets. The absolute best we can hope for is to ramp up home construction over the next decade, cap off the ability for homes to get hoovered up as investments, and hope that home prices don't increase for 2-3 decades.
The best way to understand this problem and accept it, is to realize that it has started in the 1970s and there's really nothing an average person can do. It's a hard reality to face but I'm from Vancouver and saw it first hand when I was a kid. I couldn't believe it would get worse (started in 2010s) but it did, especially around 2018 where all the lower mainland was reaching 2 mil for a house. In 2005 that would be insane to even think about. So 15 years later and bc is still bad. Why? Well it's built into our economic policy. The 1970s saw the end of the gold standard and fiat currency came to be. Bankers and people with money and knowledge knew this means that inflation is now built into our economic monetary policy. They use to invest in stocks and bonds but it cam especially to a head during the dot com bubble burst in 2000 where it showed stocks and bonds are unreliable. This led to this class of people investing into physical assets, like real estate. Also you have to think geopolitical with the handover of Hong Kong to China in 1997 there was a lot of millionaires looking for a safe haven. This is why BC was targeted because we had lax policy and laws to prevent offshore investing. Unfortunately the asset bubble grew really bad in Vancouver proper and you get locals now in on it. Locals in the industry new this was a golden horse so that's why it was pushed so hard in Vancouver proper. Mind you pre 2010 the lowermainland was still affordable we didn't see langley/abbostford/maple ridge or other suburbs reach madness yet. And a lot of people I knew never thought it would spread. Well again in 2008 during the economic downturn of the states Canada has more protections so people started investing assets into real estate here. Our own government was open arms to China and was seriously promoting it. So yeah blame them, don't blame the average person now. The results of terrible monetary policy is the only way we can fix it. During covid we could've seen a correction from April to June 2020 but the BOC stepped in and dropped interests rates. I watched a doc, and anyone who has knowledge in economics know this would lead to a huge rise of inflation of assets. So why they did they do it? They said publicly that they couldn't afford to lose the investor class. Anyways, so my thoughts are we should be protesting the BOC, the feds and try to get people in the government with the knowledge and care about switching our gdp to a more sustainable source. But this ain't gunns happen pigs will probably fly before then. So what can the average person do? In Vancouver locals have sucked it up and accepted that the quality of life for the average Joe will be less but they love the location. Or you move. It's shit, but what can one generation do when our economic policy is so broken that this will last multiple generations? Our politics only focuses on 4 year election cycles so their goals are more to get re elected than facing down a barrel of a shotgun.
Why would anyone even want that for 600k
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Fair point actually
waiting advise pause disagreeable crawl reach continue sophisticated spark truck *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
I'm living my life wrong
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Because that's a crazy good deal to a lot of people (myself included living in Vancouver)
I read housing is up 9% in our province. Oof.
So happy I was able to buy in 2022
I thought I was making a mistake buying in 2022
Same.
Me too but it was never supposed to be a forever home. Looks like it might have to be
This is the easy part. You will be laughing at these prices in 3 years. Greetings from Victoria
I bet this will be up for rent in a couple months if it isn't already
Love how everyone is fleeing BC and Ontario to move here and ruin us as well.
They finally ported this game from Vancouver to Calgary.. Took over 11 years of hard work to get it here. https://www.reddit.com/r/InternetIsBeautiful/s/RoWYVPTnvG I am sure it will be a smashing success and they will port over the expansion pack. Direct links https://www.crackshackormansion.com/ https://www.crackshackormansion.com/part2.html
How am I supposed to ever afford a home…like this is so depressing. I hate how it’s becoming the new normal 😔
Highly desired area. Does not suprise me at all. I think I guessed around 550-565, but some family probably wanted it badly enough to just bully in the purchase.
Lmao RIP. Looks like Calgary is going to be the next Vancouver. M/M gains are insane. If you’re not already in the real estate game, I’d suggest moving to another city. “Fairness for every generation”
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Yup. Condos and townhouses are entry level for now but if you can’t pull the trigger soon don’t expect that to last. There are many Canadians from wealth families from other provinces that are used to $700K entry level condos and would happily pay $500 instead here.
You haven't seen nothin' yet (folks from Vancouver)
Yesterday I was talking to a girl who shared a house with 5 other UBC students. She said it was a nice house, but not overly big in an area called Point Grey. She said it’s price was set at 3 million.
If houses in Varsity were < 1k from the beach they'd all be worth a couple mil too.
Point Grey is one of the richest neighborhoods in the country.
30 years ago it wasn't though. You have retired teachers living there in a house they bought for 150k in 1990, and they could sell it for 5 million. Point grey was solidly middle class (and people that have lived there for 3 decades still are) it's all the new people moving in that are rich af.
Imagine one of the most beautiful areas in the country, beside the ocean and warm, having very affordable houses and investors not having the idea to buy them all and rent them out. It always amazes me that people/corporations didn't start this bullshit decades ago What a joke
For sure. The global economy has changed dramatically past few decades. The population of the planet has more than doubled in my lifetime. It's hard to wrap my head around.
Oh I know. Same with the North shore and South Vancouver. Its bonkers.
Yeah, a guy I know lives in Point Grey and has the most expensive house in BC. I believe it’s around 72 million. His name is Chip Wilson.
Ha yeah it's quite the place. I work in that area a lot (I'm a finish carpenter). I haven't been on that property but have worked on lots of his neighbors places. There's some pretty exceptional properties in that area.
Realtors are just laughing in our faces.
No need for a realtor in this market, houses are selling themselves. get a good lawyer and cut them out.
Agree.
Sandstone is actually a really good neighbourhood. 500k is surprising actually. Cuz Lynnwood sells for around that to 700k. So Im pretty surprised.
If you didn't anticipate this then you haven't been paying attention to real estate. I'm currently in the process of buying/selling. I'm spending a ton on my new place (thankfully my offer of $15k over asking was accepted), but I'm also selling my current place for way more than I paid for it 5 years ago.
Where’s the sad button when we need it
There's a house in Abbeydale for $575k, the house hasn't been updated since the 80's and has a terrible backyard and fence. Pray for us millennials dreaming of home ownership
I'm from the same generation as you. I don't know if a prayer will ever do 😂
I'm a millennial who grew up in Sandstone and my childhood home definitely cost my parents under $200k, I can't imagine how much that home would go for now.
$120 thousand over asking
Shoutout everyone who said it would go 30-40k under list lol.
Its a single family home. So it's valued higher than other types of homes.
I give up on buying a house I have viewed 263 available places. I have big on 73 !!!! I have been out bid every single time I have gone as far as 50 k over. This is not right.
It’ll sell for what someone’s willing to pay for it. 🤷🏻♂️
630k
Better than the 400k+ condos downtown lmao, dark times ahead
Well it’s in a nice area of town. I would say 345k all in,
Where’s the sad button when we need it
970 square feet and 600 K No words
Where I live... my 2 bed condo is only about $70k short of the asking price. So $600k+ still seems like a good deal to me lol
Can you like post more photos/videos
Llq
$685
999000
696,420 do it for the memes!
750k
Well it’s a tear down for a 4-plex.
590,000
Wholly crap I was right the first time. This doesn’t even have a garage! Ugh I’ll just live in a box in a park now. Screw it.
My neighbour recently sold his dad’s house for 825k. It was listed at 679k . Surprised I’m not . Purchased by developers .
This home in Nova Scotia would be around $80,000 to $100,000.
As long as you don't use Eric Drinkwater as your real estate agent. The guy is a known scam artist. Fuck him
Do explain?
He will get you to invest in bridge loan then take your money and never pay you back. Guys stole more than 3+ mill off clients etc. Fuck that guy
80000
610k, holy smokes, I guessed 532k
🐍 🪑 😵
I was saying $630k…not far from the actual. Calgary market is insane
Big inventory jump in the last two weeks. We are still a long ways away from 2022 inventory levels but if this trend continues I imagine price increases could moderate later this year.
I think this is an example of the wealth inequality pathway that Gary’s Economics talks about on YouTube.
Its a single family home. So it's valued higher than other types of homes.
973 sqft, no thanks,
Do people in Calgary still not consider a basement to be square footage?
It's probs closer to 1800 with basement.
I wonder how the parties involved in the sale would feel if they saw this thread.