CalgaryTiger
Senior Member
How did the move affect your career?
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Calgary real estate market
- Thread starter Davidackerman
- Start date
Urban Outdoorsman
Active Member
I didn't really have much of one to begin with given I only finished university last April. But honestly it's a big enough city with enough industries that I can't imagine most careers having too hard a time finding work.
$1.5 million for a skinny detached infill (with semi detached garage) near such illustrious locales as Westbrook and Shaganappi Village: https://www.realtor.ca/real-estate/26559441/419-36-street-sw-calgary-spruce-cliff
Is the premium of a new building really worth that much to some people? For less money you can get nice houses with similar square footage in places like Altadore and Garrison Woods, and be walking distance to both Marda Loop and better schools. You also wouldn't need to cross Bow Trail to pop over to the grocery store.
Is the premium of a new building really worth that much to some people? For less money you can get nice houses with similar square footage in places like Altadore and Garrison Woods, and be walking distance to both Marda Loop and better schools. You also wouldn't need to cross Bow Trail to pop over to the grocery store.
trtcttc
Active Member
This one is just overpriced. There's another infill for sale one block over (427 37 St SW) for 1.2M with larger sq footage but slightly narrower (25 vs 27). Now 1.2M may not be any more reasonable but it's still 300k less than the example given.
Apartment rents are so high in Calgary, they're approaching Toronto numbers: CMHC
A two-bedroom in Calgary went for an average $1,695 in 2023, a number projected to hit about $1,859 in 2024 and $1,922 in 2025.
calgaryherald.com
CBBarnett
Senior Member
Yikes - it's making more sense why we are seeing so many apartments (so far mostly the 6 storey wood variety) start despite all the headwinds for construction costs, interest rates etc.Apartment rents are so high in Calgary, they're approaching Toronto numbers: CMHC
A two-bedroom in Calgary went for an average $1,695 in 2023, a number projected to hit about $1,859 in 2024 and $1,922 in 2025.
boreal96
New Member
I'm moving back to Calgary and looking to rent a condo (DMs are open if anyone is leasing an unit). I was renting a 1 bedroom for 1.1k$ in 2020/2021, now i'm gonna need to spend at least 1.8k it's insane.
I also wonder why condos remain cheap to buy when rents are spiking this much.
I also wonder why condos remain cheap to buy when rents are spiking this much.
Urban Outdoorsman
Active Member
Yeah I'm also looking to move back to Calgary in the next year or two and my eyes start watering every time I think about rent
I used to share a 4 bedroom duplex for $1300/m (total). Now I'll be looking at $1700/m+ for a 2bdr apartment. Ouch. As much as I love the growth Calgary is seeing it's a tough pill to swallow how badly that's going to hurt affordability.
Only if you want to live in some fancy new build with floor to ceiling windows. There are far more options out there, even in places like the Beltline.
boreal96
New Member
I'm working from home so yes I'm looking for nice place downtown, which comes at a price, but this price was 600$ cheaper 3 years ago...
trtcttc
Active Member
Lack of investors and purpose built rentals. Many more developments here are purpose-built rentals primarily because no rent control and low investors demand, so developers just keep the units themselves. In Toronto, there's rent control and lots of investor demand, so developers just build and make profit then deploy that capital to the next project. Truman is really bringing that model to Alberta... and the investor's too. They are having investor events in Toronto suburbs every month.
darwink
Senior Member
Condos have appreciated a lot. From 2021 to 2023 my old modest Sunalta 2 bed 1 bath went from no interest at $190 to a bidding war that settled at $230, still far below the 2014 peak I paid though. I'd imagine it is closing in on the peak now.
I hope this brings positive vibes to the forum today. My niece just found a two bedroom older place in Sunnyside for $1400, and a friend's son found a place in Capitol Hill for $1500. Also two bedroom and older. And lastly my brother is renting a small two bedroom house in Tuxedo, right near 4th street and 25th ave NW for $1900. I'm checking with him to see if it's still vacant.
Red Star
Active Member
It's sad to see the living standards in this country decline so precipitously. Even in the 1990's the Standard of Living and Quality of Life was far superior than what it is to today.
calgaryherald.com
'It’s depressing being a 40-year-old stuck at home': Why the dream of homeownership is fading for many Calgarians
Why home ownership is becoming increasingly inaccessible for prospective buyers in Calgary.
calgaryherald.com
CalgaryTiger
Senior Member
In that time my pay, with a job change that brought a 30% increase, has only gone up an additional 4%. No wonder I'm feeling like, to spite a 34% increase in salary, I'm no better off.It's sad to see the living standards in this country decline so precipitously. Even in the 1990's the Standard of Living and Quality of Life was far superior than what it is to today.
View attachment 567219'It’s depressing being a 40-year-old stuck at home': Why the dream of homeownership is fading for many Calgarians
Why home ownership is becoming increasingly inaccessible for prospective buyers in Calgary.
View attachment 567220
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