Mindblown: a blog about philosophy.
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Calgary Condos Outperform in H1: Prices Climb 15% | Please check out our video.
Calgary's condominium sales increased by nearly 3%, with 5,722 units sold in H1 2024. The average condo price in Calgary rose 15% to $347,203, driven by strong market demand.
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Calgary’s October home sales flat over 2023 but supply for lower-priced homes lagging
CALGARY — October home sales in Calgary were mostly flat compared to last year, with 2,174 homes sold, a slight increase of 0.2% from October 2023. Sales of homes priced above $600,000 rose, while lower-priced homes saw declines. The benchmark price for all home types was $592,500, down 0.7% from September but up 4.5% from…
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Calgary Home Sales Fall Amid Higher-Priced Listings | Please check out our video.
September home sales dropped 17.6% to 2,003, still 16% higher than long-term trends.Benchmark home price in September was $596,900, 5.5% higher than last year.
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Calgary’s rental market shows signs of cooling
Calgary's rental market is showing signs of cooling after a period of rapid growth, with rental rates rising faster than in other Canadian cities. Recent data indicates a leveling off in prices, with a decline noted over the past two months. Increased housing supply and moderating population growth are key factors in this shift. While…
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Calgary Housing Starts on Track for Record Year | Please check out our video.
Housing starts in Calgary are projected to reach 23,000 in 2024, surpassing last year's record of 19,579. CMHC reported over 13,650 starts, marking a 40% year-over-year increase.
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Calgary’s New Zoning: Impact on Residents, Investors | Please check out our video.
The policy allows duplexes, triplexes, and fourplexes in areas previously restricted to single-family homes.Rezoning aims to boost affordable housing, increase supply, and diversify housing options across Calgary.
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Calgary’s Office Conversion Initiative: Paving the Way for Downtown Revitalization with Incentive Programs
Calgary is transforming its downtown by converting vacant office spaces into homes, educational facilities, and hotels to address high vacancy rates. The Downtown Office Conversion program aims to remove 6 million square feet of vacant office space by 2031, with 11 projects planned to create over 1,400 residential units. Financial incentives support post-secondary institutions, demolition…
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Home Inspection Checklist Every Buyer Needs! | Please check out our video.
Roof Inspection – Look for signs of damage or aging – Conduct up-close assessments, not just visual checks – Ensure no unforeseen expenses post-purchase – Verify roof and structural warranties Foundation and Structure – Look for cracks, settling, or moisture infiltration – Assess structural integrity – Identify deferred maintenance issues early
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Two areas in Calgary are seeing HUGE jumps in house prices
Calgary's real estate market is facing challenges with rising costs, particularly in east Calgary, which experienced an 11.5% year-over-year price increase, reaching a benchmark of $434,600. Northeast Calgary followed with a 7.8% increase to $519,900. The city center saw the smallest rise at 1.1%, with prices at $599,500. The average residential benchmark price in Calgary…
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Calgary office space Q3 activity climbs
Calgary's office space market showed positive growth in Q3 2024, with downtown experiencing 204,948 square feet of positive absorption, primarily in class AA spaces, reducing the vacancy rate to 24.5%. The Beltline also performed well, absorbing 90,286 square feet, while the suburban market had a vacancy rate of 16.9% and absorbed 11,313 square feet. The…
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