Your lack of understanding is frustrating, especially since I know exactly what Im talking about.
Calgary rentals are most often NOT from new builds so the number newly built in Calgary is the least significant factor. They are mostly used homes or apartments that are BOUGHT and converted to rentals. That’s where the surplus comes from - when you live in BC and can sell one house there for 1.8 million and come to Calgary and buy THREE 600,000 homes or a small apartment block and rent them out, its a smart financial move.
Im done with the gaslighting my friend. I manage a landlords group, I have 120 landlords in my group we discuss this stuff weekly.
You have fun with your little groupies. Calgary is going to keep getting more expensive, and you too will feel the pain that BC currently has. Just give it about 10 years.
We’re all just following in the footsteps of Japan, which peaked it’s real estate problems in the 90s, and is now solving it by collapsing its population because most people couldn’t afford to have kids.
Same train, just different amounts of the way towards the cliff.
Your lack of understanding is frustrating, especially since I know exactly what Im talking about.
Calgary rentals are most often NOT from new builds so the number newly built in Calgary is the least significant factor. They are mostly used homes or apartments that are BOUGHT and converted to rentals. That’s where the surplus comes from - when you live in BC and can sell one house there for 1.8 million and come to Calgary and buy THREE 600,000 homes or a small apartment block and rent them out, its a smart financial move.
Im done with the gaslighting my friend. I manage a landlords group, I have 120 landlords in my group we discuss this stuff weekly.
You have fun with your little groupies. Calgary is going to keep getting more expensive, and you too will feel the pain that BC currently has. Just give it about 10 years.
We’re all just following in the footsteps of Japan, which peaked it’s real estate problems in the 90s, and is now solving it by collapsing its population because most people couldn’t afford to have kids.
Same train, just different amounts of the way towards the cliff.