Mindblown: a blog about philosophy.
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How much do you need to make to buy a home in Calgary?
Housing affordability in Calgary declined with the average home price reaching $587,100, up $6,200 from the previous month. A household income of $120,000 is now needed to buy a home in Calgary, up by just over $1,000. Despite this, Calgary remains more affordable than Vancouver or Toronto, but the gap is narrowing rapidly. In comparison,…
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Calgary Real Estate Rises 40% Amid Migration Trends | Please check out our video.
Home prices in Calgary ↑ from ~$414K in 2019 to ~$580K in 2024. This represents ↑ $166K or ↑ 40% in 5-yr.
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49% of Calgary Homes Selling Above Asking Price | Please check out our video.
Between Jan-April 2024, 92 homes in 49% of Calgary neighbourhood sold above asking price. More affordable areas see higher competition with homes selling over asking price.
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Happy Canada Day | Please check out our video.
To all Canadians around the world, a very happy Canada Day to you all. This day commemorates the unification of the three North American British colonies. Canada Day is a celebration of a united Canada and examining its defects, past and present, should not lead us to overlook its strengths. So let’s pour our hearts…
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These condo buildings in Calgary have the lowest fees in the city
Condo demand in Calgary is high, with some buildings more affordable than others. Home prices have increased, with single-family homes at $679,500. Condo prices are lower at $350,700, but fees vary. Some condos in the west have fees as low as $191 to $265. Continue to full article
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Calgary just became one of Canada’s priciest rental markets
Calgary's rental market has become one of Canada's top 10 priciest, with a 12.8% increase in two-bedroom rental costs since last year. Rent for a two-bedroom apartment in Calgary is around $2,200, close to the national average of $2,349. One-bedroom rent also rose by 3.4% to $1,830. Calgary now ranks ninth, behind Kitchener and Kelowna.…
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Affordability Boosts Calgary Townhouse Sales by 17% | Please check out our video.
Despite the surge in prices, townhomes remain attainable for many buyers in Calgary. The avg price of a townhome in Calgary ↑ 19% yearly to ~$475K, with sales ↑ 13%.
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Calgary Top in-Demand Neighborhoods | Please check out our video.
Calgary's housing market remains in high demand, with a mix of overbidding and underbidding in different neighborhoods. 49% of neighborhoods saw homes sell above asking price, 14% at asking price, and 37% below asking price.
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Calgary Rents up, but Still Lag Alberta’s Average | Please check out our video.
Rents in Calgary are up 8.6% yearly, reaching $2,089 in Early Q2, 2024, and shared accommodations saw an even bigger increase of 10%.Despite the rise, Calgary rents remain lower than Alberta averages.
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Market conditions worsen as Calgary implements its housing strategy
Calgary's housing strategy progress update shows completion of 5 out of 98 recommendations, with 53 in progress. Rental vacancy rate is at 1.1%, and average rent for a two-bedroom unit increased by 12%. Challenges include capacity constraints and rising costs. City aims to increase housing supply by over 41,000 units by October 2026. Continue to…
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