I'm planning to buy a condo in the coming years but I already feel I have missed the train haha.
I don't think Calgary will reach Vancouver or Toronto level pricewise; especially condos, but I believe there is no coming back to Covid prices.
Now you may argue that Calgary has infinite land I don't see the offer matching the demand. Canada will get millions of immigrants the coming years and with Toronto and Vancouver reaching saturation level, Calgary should become a prime destination.
I mean we already seing this, the population is growing quickly again but there is not that many new constructions projets across the city.
What is your take on this ?
I was just thinking about this yesterday. Lot of proposals out there, but so many are still sitting idle. I think Calgary will grow by some heavy numbers in the next few years, it'll be interesting to see how the market is.I mean we already seing this, the population is growing quickly again but there is not that many new constructions projets across the city.
Its expensive to intervene and takes time. Until the government is sure of a direction, the around the edges changes (housing accelerator) are all we will see beyond perhaps the CHMC interest rate subsidy for secured rentals and 80% rentals being increased.It's almost like certain people are benefitting from the current real estate setup and don't want things to change.
As the curtain rises on the 10-day extravaganza that is the famed Calgary Stampede, homebuyers are also stampeding to snap up real estate in Alberta's largest city.www.bnnbloomberg.ca