Category: Uncategorized
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Calgary Metropolitan Region Market Update | your*realtor
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Benchmark Apartment Prices in Calgary: $240K-$280K | your*realtor
Calgary buyers can acquire 2 condos for $735K, with $54K remaining. The benchmark apartment price in Calgary ranges from $240K-$280K.
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Happy Canada Day | your*realtor
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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Why rents are so high in Calgary
Rents in Calgary are rising rapidly due to the financialization of housing, pushing tenants like Kim Gillespie to struggle with increased costs. The falling rate of homeownership has led to a surge in rental demand, pricing out vulnerable individuals. Government policies favoring homeownership have exacerbated the situation, causing a decline in homeownership rates across Canada.…
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Alberta Surpasses Record for Home Construction in a Month | your*realtor
Alberta started construction on over 4,100 homes in May, marking a record high for any single month. Alberta achieved the highest number of new home starts in a single month on record.
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Calgary released progress report on affordable housing strategy
A report to Calgary city council shows progress in meeting affordable housing strategy recommendations, aiming for 3,000 new non-market homes yearly. Some councillors praise the fast progress, while others express concerns about densification in existing neighborhoods and the need for more non-market housing. Funding secured from the federal Housing Accelerator Fund to increase housing supply.…
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Calgary’s Housing Fix: Office to Home Conversions | your*realtor
Canada faces a housing shortage and needs innovative solutions. Converting unused office buildings into residential units is a promising approach.
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Canada Real Estate Predictions: Next 5 Years | your*realtor
The market will likely see a more moderate pace of increase. Some areas, especially major cities with limited supply, might see higher growth than others.
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Short-Term Fix or Long-Term Gamble? Mortgage Renewal Tips | your*realtor
Over 2M mortgages in Canada will be up for renewal in 2025 and 2026. The Bank of Canada's key interest rate has gone from 1.74% in May 2019 to 4.75% today.
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Strong Growth Expected for Calgary | your*realtor
Calgary's avg home price expected to ↑ 8% by year-end. Low housing supply driving price increases.