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Originally Posted by kevman
That's just wrong. There are 140 homes for sale on realtor.ca in Calgary right now under $400,000.
Literally the first one I looked at is a completely respectable home to raise a family in:
https://www.realtor.ca/real-estate/2...gary-shawnessy
Here's another closer to downtown if you'd rather trade a bedroom for location:
https://www.realtor.ca/real-estate/2...escent-heights
There are still affordable homes available but people's expectations have changed.
We wanted a single family home and wanted to be able to walk downtown so our price point put us in a small 2 bedroom bungalow. We're raising a family here just fine. One day I was doing some work on the house and found some old photos from the 60s. Guess what? The photos were a family with kids and they raised a family here too.
The argument of not being able to buy a home at $350k and raise a family is flawed when the very same homes that many calgarians grew up in are available at that price point. |
I'm sure there are cheaper homes out there but....
Your example #1:
Floor space: 967 sqft
It's listed as having 4 bedrooms, and the photos look okay, but I guarantee you that if you were to look at this property, the rooms would be tiny, and this place would be barely liveable. Also, if you're moving all the way out to Shawnessy what's the point of buying a 967 sqft property? The worst of both worlds. No space and a large commute.
This house is also on an odd shaped lot, and the left side of the house borders a railway and a bunch of power lines. The property is so small, there's no room for a driveway. The property is literally just some left over space between the adjacent lot and the railway.
Your example #2:
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Attention Builders! Fantastic Opportunity to own a MC1 zoning 25'x120' lot in the Heart of Crescent Heights! Ideal opportunity to build that dream home in this great inner-city neighborhood of Crescent Heights. Located between Edmonton Trail and Centre Street on a quiet tree-lined street. The existing bungalow has 2 bedrooms, kitchen, living room, laundry and a 4pc bath. Don't Miss out. Call today! (25239008)
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This is a tear down that is being advertised for lot value. In other words you need to have another 500k to actually build a liveable house on the plot.
In any market there will always be outlying problem properties that will sell well below market value. IMO both of these properties you've listed fit into that category.
I think your argument that people need to work harder and lower their expectations is complete BS. There's something fundamentally wrong with the system. A dual income household should have no problem affording basic housing. We've gone from a system where a single income house could easily afford a relative large and liveable space, to a system where a dual income household can afford..... a 970 sq foot place in Shawnessy on a partial lot....that is immediately adjacent to a railway...great....
Edit:
As an added bonus 2 Shawglen Way SW has a giant green electrical box in your front yard. So no letting your kids play in the front yard unattended either.