October 2024 Calgary Real Estate: Is the Market Peaking?

Are we on the brink of a major shift in the Calgary real estate market, or has it already reached its peak? As we dive into October 2024, the Calgary housing market is showing signs that something big could be coming. Whether you're buying, selling, or simply following the trends, this video is your go-to source for the latest Calgary real estate market update. Packed with crucial insights and expert analysis, Felix Chan, a top Calgary realtor with LiveInnerCity, breaks down the numbers, the news, and what they mean for you.

Recent data shows Calgary home sales have dropped by 17%, while inventory levels have surged by a staggering 50%. These numbers suggest the market is cooling off, but the full picture is more complex. Felix takes you behind the headlines to explain why the year-over-year growth figures can be misleading, especially after the exceptional market conditions Calgary saw last year. With the city experiencing a significant increase in available homes, buyers may now have the upper hand, with more options and greater negotiating power than earlier in the year.

The upcoming changes to Canada’s mortgage rules, set to take effect on December 15, could also reshape the Calgary real estate landscape. Felix walks you through these critical updates, including how the new 30-year amortization and increased mortgage caps will make homeownership more affordable, particularly for first-time buyers. However, with these changes potentially driving new demand, the question remains: will this fuel another price surge? Felix breaks down how this could play out and what it means for the Calgary property market.

This video is essential viewing for anyone navigating the Calgary real estate market in late 2024. Whether you're buying, selling, or just staying informed, Felix Chan's expert insights will help you make the best decisions in this evolving market. With rising inventory, changing mortgage rules, and the potential for lower interest rates, there's a lot to consider—watch now to get the full breakdown and stay ahead of the curve.

Chapters:
00:00 - Calgary Real Estate Market Update: October 2024 Overview
00:51 - City of Calgary Statistics
02:42 - Calgary Detached Homes Analysis: Market Trends and Tips for Home Buyers
07:01 - Calgary Semi-Detached Home Analysis: Pricing and tips for home buyers
09:09 - Calgary Townhomes Analysis: Pricing and Tips for Home Buyers
10:38 - Calgary Apartment Analysis: Current State and Tips for Home Buyers
12:31 - Calgary Market Summary
13:59 - Mortgage rule changes: Overview of New Mortgage Regulations
15:31 - Impact on New Builds: How mortgage changes could affect Calgary Real Estate
17:10 - Interest Rate Expectations: Upcoming Rate Cuts and Predictions
18:11 - Our Final Thoughts and Resources for Buyers and Sellers

_____________________________
RESOURCES & LINKS MENTIONED IN THIS VIDEO

👉Sign up for our exclusive off-market list! - [ Ссылка ]

How To Sell Your Calgary Home For 5 - 10% More Without Spending Thousands (Free E-Book) - [ Ссылка ]

Are you a Real Estate Agent and you’re struggling or can’t seem to hit the next level for your business? We can help – even if you are in other parts of Canada or the US! Learn how you can team up with us at REAL Broker so you too can have a thriving business! [ Ссылка ]

Are you an investor and interested in investing in Calgary Real Estate? We are looking for Joint Venture Partners to acquire off-market properties we have access to.
[ Ссылка ]

For a FREE Calgary Community Map
[ Ссылка ]

For Calgary Downtown Condo Tours
[ Ссылка ]

The Best Home Buying Tips & Info You NEED To Know
[ Ссылка ]
____________________________

Felix Chan & Jasben Lai are Calgary Realtors with the LiveInnerCity Real Estate Team in Alberta, Canada. Felix is also a Calgary Mortgage Broker and Real Estate Investor.

As your Calgary Real Estate Agents of choice, we are your one-stop-shop for all your Calgary Real Estate needs. We provide our best tips and tricks for home buyers, sellers, and investors looking in the Calgary Real Estate Market. We also dive into Calgary Communities and Home & Condo Tours.

If you want us to cover a specific real estate or mortgage topic or just have a question, please type it in the video comments below.

❤️ Enjoying our videos? Please L I K E and S U B S C R I B E ❤️
____________________________

Add us on social!
Instagram: [ Ссылка ]
LinkedIn: [ Ссылка ]
Facebook: [ Ссылка ]
Web: [ Ссылка ]

[ Ссылка ]

#calgary
#calgaryrealestate
#calgaryrealestatemarketupdate
#calgaryrealtor

свернуть