Are the boom years in the housing market finally petering out? We’ll soon know for sure. One thing is for certain: the marginal home buyer is stepping away from the market in bigger and bigger numbers.
The Calgary Real Estate Board says home sales in the city declined 11.6 per cent in July compared with last year as inventory grew to levels not seen since before the pandemic.
There were 3,911 new listings on the market last month, up 8.6 per cent from a year earlier, as the city’s inventory reached 6,917 homes for sale — a 66.1 per cent surge.
timing is everything. lm weeks away from listing.
my dear loyal tough 45 ye old 10 speed brought brand new was stolen today.
the town l made a joke the original humans call this ‘Land of the Stolen Bicycle’
is f’oing true.
given that report, you may be 2 years too late on the timing, notwithstanding the attractive tongue and groove features.
a lot of truth to that. the appraisal prior to the reverse mtg (proceeds applied to repairs, renos and improvements to render sellable) tilted the scales surprisingly abt 150k higher current figure. l suspect that figure was inflated so as to lend more anyways.
meh. who knows, when every 5th one has a sign, git back in, cash offer carries weight.
its not my plan however.
To find a stolen cycle or car Check for it near your local C-Train station.
A LinkedIn realtor said flippers couldn’t make a profit upgrading older homes, except in 2-3 neighborhoods.
Meanwhile our 123 yr old shack is up 340% assessed value by City of Calgary since 2000.
mine’s 145. l just printed plaque denoting the fact as a curiosity for the new owner. l exposed a portion of the original pine tongue and groove exterior wall.
if l sell at what agent suggest my equity went up 510% since 2003. is that avg?
I’ve been pining for tongue for years.
The housing market is DEAD in America. And I just read a deceitful article that blamed people like me for the DEAD marketplace. They blamed me for …
– refusing to sell my home
– refusing to give up my 2.5% 30-year fixed rate mortgage
– refusing to sell into a price depressed marketplace
– refusing to sell into a 7.5% mortgage rate marketplace
– “profiting” from Prop. 13 that limits my property taxes (I pay $12,500/yr. in property taxes)
They blamed homebuilders for not building more homes. Their “solution” is to do-away with Prop. 13 tax law protections for seniors and Jack up the Property taxes so high they’ll FORCE me out of my home. This is how the leftist monsters think. Funny thing … in 1979 when the State of CA was still half sane … and we passed Prop. 13 … we actually wanted to PROTECT our senior citizens who were being taxed OUT of their homes (it happened to my own grandparents) … we actually CARED for our elders and tried to improve their quality of life.
Now … there is an active WAR on senior citizens … read: Boomers. The “young” want to strip us of the assets we’ve spent a lifetime building. You want to do that to us? Then I wish you suffer a massive fatal COVID mRNA injection heart attack.
You know …
https://nypost.com/2025/08/02/sports/southern-arizona-womens-soccer-coach-dies-unexpectedly-from-cardiac-arrest/
Of interest to note, for the edification of these #Boomer-haters, is that the US car market is also very extremely dead. Car lots are sitting with 500 days supply of vehicles rusting into their asphalt, because absolutely nobody is buying their over-priced crap.
There are two reasons for this. First, everybody spent all their money during Covid and now they don’t have any. Second, since when is an F-150 worth $80-$90K? And Ford isn’t even the worst, Stellantis is even more crazy.
Houses are not selling because nobody can get a loan because nobody is working. That would be the long and the short of it. We can all thank #Let’sGoBrandon for that.
On the other hand, if you have money, this is a -great- time to buy assets for the future. It’s all on sale. ~:D
Vacant Chevron building in Calgary converted to residential (warning: Pravda)
https://www.cbc.ca/news/canada/calgary/chevron-plaza-conversion-1.7599287
How many floors will the “newcomers” take on the taxpayers dime? Which tower will be the Punjabi tower?
When will the plumbing fail from trying to manage 200% of design load?
All the towers are the Punjabi tower. If they mix Mooselimbs in then the murder rate climbs. I view this as a positive, but #Lieberals are queasy at the results of their political polices.
What? Won’t everyone use the existing group restrooms by the the elevators? There won’t be plumbing INSIDE the new apartments, right?
Cowtown ain’t what it used to be back when Ralph was mayor, eh?
They will install operable windows to ensure your right to defenestrate should you awaken to the dystopic reality of your studio flat situation while waiting for your next “gig.”
The future is friendly and you are happy. Repeat. The future is…aw, fook it (defenestrates while choking on a red pill)…
Have a nice day.
The building appears to have a suitable height for tossing 2sLGBTQueers+ off the roof. THAT should be entertaining.
In Calgary, the demographics are such that the outcome you describe is eventually a certainty.
Generally, only #Moose Limbs will be tossed off the Punjabi tower. They’re more civilized that way. They only beat the pink-haired, not un-alive them.
How nice that we’ve imported this 500 year old war to Canada from India, eh? Just what we needed.