Category: Uncategorized

Calgary is proposing a large-scale rezoning plan to allow for higher density housing across most residential areas.This would permit duplexes, townhouses, and rowhouses in currently single-family home neighborhoods (zoned RC-1).

Successfully managing mortgage debt is essential for effective retirement planning. Paying off the mortgage before retirement may not suit everyone's financial circumstances.

Alberta increases backing for 48 community housing providers to preserve units. $75M is allocated for operating funds in the 2024-25 fiscal yr.

Alberta will lead the country in housing price growth, with an avg increase of 7% to ~$480K. This is a double-edged sword, good for homeowners but challenging for first-time buyers.

Move-in ready homes: Wealthy buyers prefer homes that are move-in ready and don't require renovations. Low-maintenance features: Homes with easy-to-maintain materials and landscaping are in demand.

Canada's housing market is on hold as potential buyers wait for interest rates to come down. The Bank of Canada is expected to hold rates steady but may cut them in H2 2024.

Escaping high taxes entirely may prove challenging, but Alberta's tax-friendly environment makes it an attractive destination.Alberta offers affordable housing with no provincial sales tax or Land Transfer Tax, entice purchasers from other provinces.

Legal Obligations: Buyer’s agents assist buyers, while listing agents represent home sellers, each with fiduciary duties.Representation Advantage: Buyers benefit from an agent dedicated to protecting their interests throughout the transaction process.

The housing market is picking up in 2024 with mortgage rates going down. Buyers are coming back to the market, and bidding wars are reappearing.