Don't Buy A Home in Calgary in 2025

In this episode, we delve into seven crucial reasons why you might want to reconsider buying a home in Calgary or surrounding areas in 2025. We cover financial risks such as lack of savings, existing debts, and higher interest rates upon mortgage renewal. We also discuss job and income uncertainty, the benefits of sticking with a great rental, tight market conditions, potential rising costs like property taxes and home insurance, property value concerns, and the complexities of buying a home with a partner. If you're still considering purchasing a home after these points, we'll also share tips on buying properties with suites.

00:00 Why You Should Reconsider Buying a Home in 2025
00:19 Financial Risks of Homeownership
02:27 Job and Income Stability
03:57 The Benefits of Renting
05:14 Market Conditions and Competition
08:09 Rising Costs and Hidden Expenses
10:05 Property Value Concerns
12:07 Buying with a Partner

We’d love to hear from you! 👇

📱[phone]

[gerardr]

Thank you for making people reflect in their situation, you may have just saved a few from financial distress.
A refreser video for home ownership costs broken down for closing cost, selling cost, prop tax, insurance, maintenance, I think it will help the cominuty.
I heard Calgary is incresing the property tax more than expected in some comunities.

[jozefciszewski]

Do not buy huge boat and huge lifted truck if your situation is tight. 😂 always remind people in your videos.

[marcgirard]

Excellent video and information here! Appreciate the solid, pragmatic views as well.

[db-pc]

Thanks for a important and very important prospective specially for new home buyers/ newcomers. 🙌

[onemashedlife]

Hi. We are in Halifax renting. It's simple. Buying in 2025 makes no sense. It is NOT a buyers market and most, if not all places are over valued. It's too bad because INTEREST RATES are coming down but many other factors point to the obvious. Unemployment numbers are up. Canada's GDP is low, we don't make much of anything here in Canada anymore. Rent is way too expensive but still better than buying a home now and making a bad long term decision. It sucks but that is the reality. Better to rent and be able to easily get out of a rental in a year max then a bad mortgage decision.

[moniku]

This was a timely reminder...thank you!

[NCE-bk]

Prices in Glacier Ridge are insane! About 100-200K more compared to similar communities like Ambleton, Carrington or Livingston. Interestingly, nothing is really special about the community, yet outrageously expensive!!!

[halimaabdul]

It’s also a good idea to learn the term negative amortization+ rise in insurance and property taxes.

[CB]

Look how many rentals are on rentfaster sitting empty. I have never seen this many rentals on the market. How long can these sit empty before they hit the realistate market.

[hunno]

I live in BC, This information apply to all Canada
not just Calgary. i dont realy like where i am living ( the area) but i found it too stressful to sell and borrow extra money in such an uncertain time and situation

[sovereignty]

“Investing” in _family homes_ should be *_HEAVILY_* taxed!!

[dsvasdfv]

what is the typical mortgage to income multiplier that you see for people buying luxury ~$1.5M properties? For example 300K family income *4 = 1.2M mortgage + 20% DP (300K) = 1.5M house price.

[Canadian.game.hunter]

25% tariffs on oil and gas would put Alberta into a recession.. along with the rest of the country with the additional tariffs. I really don’t see how Calgary is going to be booming this year with tariffs and lessened overall immigration numbers. Seems like a lot of bad variables in the mix. Along with a future prime minister that has said if cities and municipalities don’t build more they will lose funding. We know they can’t afford to lose that push from the federal government

[fernandopages]

Would you say that selling in the Calgary area in the upcoming two months and buying a more affordable property elsewhere by porting my current mortgage would be a good move for 2025? Looking to get a lower fixed housing cost for the following two/three years. Thank you for your videos.

[MrMothersass]

Love your videos. I own my primary, have 2 revenues. I don’t meet any criteria you listed to not buy. I am considering buying another one. I would like to connect.

[hinicetomeetyou]

the strata costs in Calgary are insane!!! its like they pretend its so much cheaper then recoup the costs with the rediculous amount in strata costs with zero amenities and no parking....rip off

[Queen-rxkf]

I don’t live in Calgary or surrounding areas why am I watching 😂😅

[anpc]

Yeah, in my neighborhood, an investor bought an entire block and rents out each house. Another person turned the basement and garage into suites to rent out.

2025 is looking like it is going to be a rough year, the financial markets are over valued, billionaire investors are stockpiling cash reserves, like they are getting ready for a crash.

The advice is solid, get yourself a good financial base before committing to purchasing a house.

[MarcusLatansa]

If you are buying in calgary at current price levels you are just insane. Tariffs, lower immigration, weak canadian dollar, main markets such as toronto with 25% price drop …. all a good combination for calgary to drop a lot

[tommypan]

This is real estate agent advertising; never trust it completely.