Mindblown: a blog about philosophy.

Calgary has the lowest share of renter households among Canada's largest cities, with about 31% of dwellings being rented. Despite this, Calgary saw the largest percentage increase in renters between 2016 and 2021. Montreal has the highest share of renters at over 63%, while Toronto follows with about 48% of households being renters. Continue to…

An office-to-residential conversion project in downtown Calgary, The Cornerstone, is now open. It is the first completed project under Calgary’s Downtown Development Incentive Program, aiming to bring people to live downtown and add space to the housing market. The building offers 112 two and three-bedroom apartments, with 70% already leased. It includes suites for lower…

The benchmark home price in Strathmore rose nearly 12% in May, reaching $439,300. Cochrane also saw an increase of over 10%, with a benchmark price of $568,200. Airdrie had a 10% growth to $549,600, despite a 7% decline in sales. Chestermere's benchmark price reached $702,300, up almost 8%, with sales down 6% and new listings…

Sales in Calgary's resale market cooled in May due to increased supply, with 3,092 sales, down 0.8% from last year. However, condominium sales surged by 19%, setting a new record. Despite more listings, home prices rose 9.5% year over year to $605,300, with row homes increasing by over 19% to $462,500. Detached homes remained the…