Quote:
Originally Posted by Enoch Root
The house on the top right is listed for $667/sqft, which is ridiculous
But the one on the bottom right - a 50 year old home that is being reno'ed is listed at $910/sqft
That isn't ridiculous, that is beyond even being a joke. Half that would be ridiculous.
My home in Signal Hill (which is WAY nicer than any of these things, like not even in the same universe - city view, fully reno'ed, 10 minutes from downtown, etc) would probably go for $400-450/sqft right now. Maybe someone desperate pays $500. Those homes in that tweet are insane.
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As far as bottom right goes, the properties with clear views of downtown have always sold for large amounts.
https://www.realtor.ca/real-estate/2...algary-renfrew
It's 2-3 kms from Downtown. Clear views of the core. Even during the dips these places were going for north of $800k.
I see what the realtor is trying to do, but he's picked really bad examples. All of which have a major selling point, which is going to move them out of the regular low value category.
IMO the much more alarming trend is the $400-500k houses shooting up in value by $2-300k. These are what formerly were entry level houses for middle class people. Not so much anymore.