Category: Uncategorized
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What the Interest Rate Cut Means for Calgary Homeowners | Please check out our video.
The second rate cut in two months is positive news for those with debt and homebuyers. The rate decrease makes it a favourable buyer's market with lower mortgage rates.
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Calgary’s Best Neighbourhoods for Vibrant Living | Please check out our video.
Inglewood, Calgary’s oldest neighbourhood, offers a small-town charm with vibrant eateries and historical sites. Kensington, north of the city centre, is a hub for specialty shops, trendy brunch spots, and public art.
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Prices rise as annual Calgary home sales fell nearly 20 per cent in August
In August, Calgary saw 2,186 real estate transactions, a nearly 20% decline from last year's record levels, as the extreme sellers' market conditions eased. The benchmark price for all home types was $601,800, slightly lower than July but up 6.3% from August 2023. New listings increased by 13% to 3,536, with detached home sales down…
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Calgary Market Moves Closer to Balanced Conditions | Please check out our video.
Home sales ↓ 10% yearly, with 2,380 properties sold. Benchmark price $606,700, ↑ nearly 8% yearly, stable MoM.
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Calgary Real Estate Is on Fire | Please check out our video.
Calgary outperforms other Canadian cities in Real Estate with rapid growth and better affordability. Home affordability in Calgary improved in early 2024, with lower mortgage payments compared to other major cities.
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Early-Q3 Calgary Housing: Boom or Bust? | Please check out our video.
In Alberta, demand remains strong, despite Calgary ↓ 13% yearly in sales. Calgary’s new listings ↓ 9% MoM, and ↓ 4% yearly.
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These Calgary neighbourhoods have the most expensive condos
Calgary's real estate market is experiencing high demand, with condo prices rising rapidly. The most expensive neighborhoods for condos include Douglasdale-Glen ($573,387.50), Discovery Ridge ($487,000), and Eau Claire ($475,000). Most neighborhoods have seen price increases since 2023, except Eau Claire, which dropped by 20.17%, and the University District, down 2.67%. Discovery Ridge had the largest…
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What Is A Halal Mortgage?
Many Muslim Canadians face challenges in obtaining conventional mortgages due to the prohibition of interest (riba) in Islam. Halal mortgages offer an alternative, structured to comply with Shariah law, allowing for profit-sharing instead of interest payments. There are three main types: Musharaka (partnership), Murabaha (cost plus profit), and Ijara (lease). Currently, only a few institutions…
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Calgary Rent Cools; But $1M Home Sales Heat Up | Please check out our video.
Calgary's housing market is seeing cooling rent increases but a surge in $1 million-plus home sales.Calgary's avg rents rose by 4% to nearly $2,100 in June; rental vacancy rates are projected to drop to 1.1% this year.
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Calgary’s Real Estate: Hotter Than Ever! | Please check out our video.
Calgary’s Real Estate market surged in 2024, fuelled by high immigration and inter-provincial migration. Top-tier home sales in Calgary ↑ 46% yearly, reaching 1,130 properties sold over $1M.