Mindblown: a blog about philosophy.
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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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Calgary’s Energy Costs Cut by 30% With New Fee Structure | Please check out our video.
City council approved a new model for collecting local access fees starting in January. A new agreement with the power provider will be submitted to the Alberta Utilities Commission.
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Energy-Efficient Windows Transform Calgary Homes | Please check out our video.
Energy-efficient windows in Calgary are crucial for weather resistance, thermal performance, and long-term savings. Government rebates and a focus on sustainability drive the growing demand for energy-efficient windows in Calgary.
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Shared Living Costs Is Increasing in Calgary | Please check out our video.
Calgary’s average rent for shared accommodations is now $928, showing a significant increase. Rent for roommates in Calgary continues to climb, bucking the trend of other major cities.
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Calgary building record number of purpose-built rental units
Calgary is experiencing a surge in rental property construction, with the Canada Mortgage and Housing Corporation (CMHC) reporting significant rental increases across the city. Factors contributing to this trend include downtown office conversions, boosts to secondary suites, and upcoming rezoning. CMHC anticipates around 24,000 housing starts this year, with a notable increase in completions. Despite…
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Calgary Real Estate: Spacious Living Near Nature | Please check out our video.
Calgary’s Real Estate offers more spacious properties, enhancing quality of life and lifestyle flexibility. Avg rent prices in Calgary are significantly lower, making it a more affordable housing market.
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