Mindblown: a blog about philosophy.
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Calgary Housing Market in Rest of 2024: Prices to Rise 3% | Please check out our video.
Property prices in Calgary are expected to increase by 3% through the remainder of 2024. Calgary is a seller’s market, which is expected to persist into the fall.
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Minimum income needed to afford rent in Calgary is “out of control”
A recent report indicates that the wages required to afford one- or two-bedroom apartments in Calgary far exceed the city's minimum wage. To rent a one-bedroom, residents need at least $28.92 per hour, while a two-bedroom requires $33.46 per hour, over $13 more than the minimum wage. The report highlights that no neighborhoods in Calgary…
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Calgary Home Sales Plummet 20% in Mid-Q3 | Please check out our video.
Calgary home sales in Mid-Q3 dropped nearly 20% from last year's record highs. The benchmark price for all home types was ~$602K, up 6.3% from Mid-Q3 2023.
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Calgary: Inventory Boost and Eased Sales in Mid-Q3 | Please check out our video.
Mid-Q3 saw higher inventory levels, with more listings and easing sales across Calgary's market. Despite easing conditions, benchmark home prices remain higher yearly, showing stable growth.
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Upgrading your windows? Here are must-know tips for Calgary homeowners
Calgary homeowners are increasingly focused on energy-efficient windows to reduce energy costs and enhance comfort. Researching multiple companies is crucial, considering factors like online reviews, energy efficiency ratings, price, and warranty. A quality window can last over 30 years, making it essential to prioritize value over the lowest price. Homeowners should also ensure warranties cover…
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Land Release in Calgary, Edmonton for New Housing | Please check out our video.
Federal land in Calgary's Currie Barracks and Edmonton's Village of Griesbach opened for development.Calgary's project includes 99 units, with 30% at 80% of median market rent.
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Conversion Potential Sparks Office Sales As Calgary Relaunches Incentive Program
Calgary has relaunched its Downtown Development Incentive Program to convert excess office space into residential units, offering up to $75 per square foot for eligible projects, with a cap of $15 million. Initially launched in 2021, the program was paused in October 2023 due to high demand but has since secured $228 million from the…
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Calgary Condo Market: A Smart Investment | Please check out our video.
Calgary's condo market is attracting Toronto investors, as average rents surpass mortgage costs, creating surplus income.Calgary ranks sixth in a report comparing rent-to-mortgage ratios, with a monthly surplus of $474.
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Calgary CRE: Surprisingly Strong Investment Surge! | Please check out our video.
Calgary experienced 356 transactions totaling $1.85 billion, with multifamily and commercial condos driving investment. The first half of 2024 saw a 93% increase in multiresidential investments, reaching over $525 million.
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Calgary Real Estate Market Update: September 2024
The Calgary real estate market is cooling, with rising inventory and moderating sales. In August 2024, residential sales dropped 20% year-over-year to 2,186, yet remain 17% above long-term averages. Active listings increased by 37% to 4,487, the highest since 2022. The benchmark price for residential properties rose 6% to $601,800. The rental market saw average…
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