Mindblown: a blog about philosophy.
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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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Calgary Home Sales Drop Amid Rising Listings in Mid-Q3 | Please check out our video.
Calgary’s August Real Estate sales totalled 2,186, ↓ 19.5% decrease compared to the previous year. New listings in August reached 3,536, marking ↑ 13% yearly increase, easing market pressure.
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Mid-Q3 Inventory up, Sales Down in Calgary | Please check out our video.
Calgary’s market shifted from a seller’s market with more inventory and fewer sales in August. August saw inventory at 4,487 units, ↑ 37.3% yearly, but low compared to long-term trends.
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Calgary Demolish 3 Buildings for Affordable Housing | Please check out our video.
Calgary is demolishing three vacant downtown buildings to create much-needed affordable housing. A new 33-storey mixed-use tower will offer 340 rental units, including 50 affordable housing units.
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