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View Poll Results: Where will housing prices finish at the end of 2015?
I work in O&G - At worst, down 5% 23 19.66%
I work in O&G - Down more than 5% 25 21.37%
I don't work in O&G - At worst, down 5% 24 20.51%
I don't work in O&G - Down more than 5% 31 26.50%
Only time will tell - I have no prediction 14 11.97%
Voters: 117. You may not vote on this poll

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Old 02-03-2015, 02:22 PM   #61
skudr248
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It is my under 400K dream home
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Old 02-03-2015, 04:48 PM   #62
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I wouldn't worry too much about losing out on a home like that. There will be 100 more just like it when you start looking again.
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Old 02-03-2015, 09:42 PM   #63
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^ True that. Decided to hold off till another year and revisit, a lot of things can change and the intangibles right now are scaring the crap out of me
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Old 02-05-2015, 12:44 PM   #64
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^ True that. Decided to hold off till another year and revisit, a lot of things can change and the intangibles right now are scaring the crap out of me
I think waiting was a good call. I wouldn't commit to waiting a full year, but today probably isn't the day to buy your first home.
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Old 01-13-2016, 04:00 PM   #65
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If you take peak to peak - sure.

If we go by an annual average, then the price between Jan 14 and Jan 2015 has gone up by a couple hundred dollars. My expectation is that when the Jan 2016 numbers come up, it'll be within 5% of the number we see there.

If you cherry pick the very top price, and the very bottom price, and define that as the overall housing market, then sure, a drop of 20% is possible, even reasonable.
http://www.theglobeandmail.com/repor...ticle28140866/

In this report, prices have dropped 2.6%. Once Realtor 1 uploads/fixes the picture for the Dec numbers, we can have an apples to apples comparison.

Looks like 5% was pretty close.
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Old 01-13-2016, 04:04 PM   #66
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This is scary that almost half of the listings are vacant.

"Nearly 45 per cent of the 4,600 homes listings on the Calgary MLS are vacant, said Mike Fotiou, associate broker at First Place Realty. The large number of empty properties for sale is the likely result, he said, of landlords trying to sell now-vacant rental condos and homeowners who have moved away for work."
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Old 01-13-2016, 04:11 PM   #67
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10% correction looks inevitable at this point. Hopefully not anymore than 20%.
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Old 01-13-2016, 04:15 PM   #68
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We barely have a correction in 2015. That doesn't bold well for 2016, something's gotta give.
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Old 01-13-2016, 04:17 PM   #69
Travis Munroe
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Originally Posted by Regorium View Post
http://www.theglobeandmail.com/repor...ticle28140866/

In this report, prices have dropped 2.6%. Once Realtor 1 uploads/fixes the picture for the Dec numbers, we can have an apples to apples comparison.

Looks like 5% was pretty close.
It has now been fixed

Rough numbers for 2015 are:

Attached homes down 6.2%
Condos down 4.5%
Detached homes down 3.1%

Quote:
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This is scary that almost half of the listings are vacant.

"Nearly 45 per cent of the 4,600 homes listings on the Calgary MLS are vacant, said Mike Fotiou, associate broker at First Place Realty. The large number of empty properties for sale is the likely result, he said, of landlords trying to sell now-vacant rental condos and homeowners who have moved away for work."
I just had a quick look
4780 listings under "Calgary"
1367 of these are listed as vacant

Of course this does not count for a non updated listing where a tenant was brought into the property and kept up for sale or a home which was occupied and is now vacant. I highly doubt this makes up for a 17% variable.

Edit: found the variable which takes vacancies up to 43%. The 719 new builds ....many of which are not even available for occupancy as they are still under construction.

Reminds me of the CBC article today about Foreclosures SPIKING 30%

Anyone who follows the foreclosure thread would see that this is a bait headline. Sure there are foreclosures in the process which have not been listed but anyone who reads the headline vs looks at the actual numbers would see 2 different paintings.

Last edited by Travis Munroe; 01-13-2016 at 04:20 PM.
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Old 01-13-2016, 04:24 PM   #70
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Anyone who follows the foreclosure thread would see that this is a bait headline. Sure there are foreclosures in the process which have not been listed but anyone who reads the headline vs looks at the actual numbers would see 2 different paintings.
68 foreclosures as at Jan 12, 2016. Doesn't look too bad all things considered.
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Old 04-25-2016, 03:37 PM   #71
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Things have picked up in Lake BV, there were about half a dozen sales in the last week. I have seen some sales in other areas that I watch as well.
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Old 04-25-2016, 11:52 PM   #72
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Things have picked up in Lake BV, there were about half a dozen sales in the last week. I have seen some sales in other areas that I watch as well.
Well, I can't speak for BV specifically, this isn't true for the city as a whole in terms of the normal spring rush we should be getting into.

Month to date in April, sales are down 16% April 2016 month to date over April 2015 month to date.

What makes that stat worse is last year on April 25 sales were down 25% April 2015 month to day over April 2014 month to date (aka our -16% this year is on a year that was already -25% from the last year).

As those stats are month to date, they would fit your window of the last couple weeks pretty accurately.
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Old 05-04-2016, 09:09 AM   #73
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^ True that. Decided to hold off till another year and revisit, a lot of things can change and the intangibles right now are scaring the crap out of me
I want to give my now younger self a high five for making the right choice
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