Calgary Construction XXVI - Page 93

Design-mind · #**1841** Posted **Jul 2, 2018, 11:36 PM**

Update on the King Edward Art Incubator.

https://www.canadianarchitect.com/archit...tachment/king-edward-arts-hub-incubator/

Design-mind · #**1842** Posted **Jul 2, 2018, 11:38 PM**

Update on the Residences of King Edward.

http://www.rockwoodcustomhomes.com/Gallery/Featured-Projects

Design-mind · #**1843** Posted **Jul 2, 2018, 11:41 PM**

Update on Vibe 14.

https://www.buzzbuzzhome.com/ca/vibe-14-condos

Design-mind · #**1844** Posted **Jul 2, 2018, 11:46 PM**

Update on West Gateway.

https://liveatgateway.com

Design-mind · #**1845** Posted **Jul 2, 2018, 11:48 PM**

Update on the Marda.

https://www.strategicgroup.ca/residential/alberta/calgary/marda/

Design-mind · #**1846** Posted **Jul 2, 2018, 11:52 PM**

Update on Victory & Venture Marda Loop.

http://www.vvmardaloop.com

Design-mind · #**1847** Posted **Jul 2, 2018, 11:54 PM**

Update on Alt Hotel East Village.

http://www.calgaryherald.com/business/hotel+planned+calgary+east+village/10270705/story.html

Design-mind · #**1848** Posted **Jul 3, 2018, 12:01 AM**

Update on Mission Co-op and residence along MacLeod Trail.

Couldn't find a rendering on this project.

Design-mind · #**1849** Posted **Jul 3, 2018, 12:03 AM**

Update on the Windsor.

http://www.calgary-condos.com/the-windsor.php

Design-mind · #**1850** Posted **Jul 3, 2018, 12:06 AM**

Update on Brio in brentwood. This is a week old.

https://riocanliving.com/portfolio/brio/

Northern · #**1851** Posted **Jul 3, 2018, 4:04 AM**

Quote:

Originally Posted by Doug

Calgary residential real estate has been a horrible investment other then from about 2002 through 2007. Current prices are about the same as 2006.

Actually you couldn’t be more wrong. Real estate prices in Calgary have been flat mainly since 2014, but anyone who bought a house before that is doing OK. Those DJI bought before 2007 are doing great. Also bought before 2002 are doing even better than great. And Calgary.’s not the only city like this there so he’s all over North America were real estate has gone up very well over the years. I think you’re confusing Calgary with Flint Michigan.

Doug · #**1852** Posted **Jul 3, 2018, 6:28 AM**

Quote:

Originally Posted by Northern

Actually you couldn’t be more wrong. Real estate prices in Calgary have been flat mainly since 2014, but anyone who bought a house before that is doing OK. Those DJI bought before 2007 are doing great. Also bought before 2002 are doing even better than great. And Calgary.’s not the only city like this there so he’s all over North America were real estate has gone up very well over the years. I think you’re confusing Calgary with Flint Michigan.

20% on single family over 10 years is basically inflation

outoftheice · #**1853** Posted **Jul 3, 2018, 11:43 AM**

Thank you Design-mind for the photo updates and for putting in the extra effort to include renderings. It's much appreciated!! Some great looking mid-rise projects on their way in Calgary. I also like how the ALT hotel is turning out in East Village. The white brick being used to break up the long brick wall between the hotel and FIRST is a nice touch. I've got pretty much nothing nice to say about the Macleod Trail Professional Building though... man that thing is f-ugly!

Northern · #**1854** Posted **Jul 3, 2018, 3:42 PM**

Wrong again. You’ve forgotten one important fact. You have to pay money to live somewhere regardless, so all that money you’ve paid to rent is gone for good with no return. You also forgot the fact that your principal on your mortgage has been paid down over the last 10 years.

Quote:

Originally Posted by Doug

20% on single family over 10 years is basically inflation

Tobyoby · #**1855** Posted **Jul 3, 2018, 4:14 PM**

Thanks for posting this. Glad to see I'm not the only one buying into the whole 'you have to own' mentality. I've been telling people this for a long time, but old mentalities die slowly.

Quote:

Originally Posted by Doug

The bulk of appreciation was 2002 to 2007. Since then has been flat to negative.

Quote:

Originally Posted by Doug

Calgary residential real estate has been a horrible investment other then from about 2002 through 2007. Current prices are about the same as 2006.

Tobyoby · #**1856** Posted **Jul 3, 2018, 4:16 PM**

And even better. some stats to back up my argument

Quote:

Originally Posted by Doug

20% on single family over 10 years is basically inflation

Tobyoby · #**1857** Posted **Jul 3, 2018, 4:20 PM**

Really lame attempt at arguing the case, because you can't use random made up predictions as part of the argument.
Rents haven't gone up much in the last 20 years, what makes you think they're going to double in the next 15 years??

Quote:

Originally Posted by Bad Grizzly

That’s because they wouldn’t be better off financially. In less than two years my mortgage will be be paid off and I’ll have a $600-$700,000 house that I won’t have to pay to live in. Rents are probably going to be $3000 a month in 15 years, but I won’t have to worry about that.

Bad Grizzly · #**1858** Posted **Jul 3, 2018, 5:18 PM**

Quote:

Originally Posted by Tobyoby

Really lame attempt at arguing the case, because you can't use random made up predictions as part of the argument.
Rents haven't gone up much in the last 20 years, what makes you think they're going to double in the next 15 years??

Okay maybe the rents won’t double, but you know over a period of time they ain’t going down. They will go up, it’s only a matter of how much.

Bad Grizzly · #**1859** Posted **Jul 3, 2018, 5:20 PM**

Nice colourful graph, too bad it’s an over simplistic view of things. There are quite a few issues with this graph. First off as northern already said it doesn’t take into account that you are paying to live somewhere anyway, and it doesn’t take into account your principal going down.
The other issue is that people who rent and then invest their money might get 20% or even more but those people forget that they have to pay taxes on that before they can actually use the money for anything.

The biggest issue with your graph is that you are cherry picking one particular time period. Real estate is like any other investment it’s a long haul investment you can’t just pick 10 years and say that 10 years was bad therefore real estate is a bad investment. it’s a ridiculous argument.

Quote:

Originally Posted by Doug

20% on single family over 10 years is basically inflation

Tobyoby · #**1860** Posted **Jul 3, 2018, 5:40 PM**

And how is that any different than selling your home and paying capital gains?

Quote:

Originally Posted by Bad Grizzly

Nice colourful graph, too bad it’s an over simplistic view of things. There are quite a few issues with this graph. First off as northern already said it doesn’t take into account that you are paying to live somewhere anyway, and it doesn’t take into account your principal going down.
The other issue is that people who rent and then invest their money might get 20% or even more but those people forget that they have to pay taxes on that before they can actually use the money for anything.

The biggest issue with your graph is that you are cherry picking one particular time period. Real estate is like any other investment it’s a long haul investment you can’t just pick 10 years and say that 10 years was bad therefore real estate is a bad investment. it’s a ridiculous argument.