Category: Uncategorized
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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.
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Must-Know Tips for First-Time Home Buyers | your*realtor
A 6-mo fixed mortgage rate can start at 3.99%. Certain rates are 0.20% lower on avg than big banks.
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Calgary home sales stay strong despite supply shortages
Calgary's resale market remained strong in May with 3,092 home sales, slightly lower than last year's record high but significantly above long-term trends. New listings increased, mostly in higher price ranges. The market continues to favor sellers due to low inventory levels. Sales of detached, semi-detached, row, and apartment condominium homes all saw price increases…
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Calgary’s Suburban Office Market Shows Strong Recovery | your*realtor
Reduction in office footprints drives Calgary’s Suburban office market to higher occupancy and positive absorption post-pandemic.The Beltline, south of downtown, offers 7 million sq ft of office space with strong absorption and amenities.
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These condo buildings in Calgary have the lowest fees in the city
Condo demand in Calgary is high, with some buildings more affordable than others. Home prices have increased, with single-family homes at $679,500. Condo prices are lower at $350,700, but fees vary. Some condos in the west have fees as low as $191 to $265. Continue to full article
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How Will Lower Rates Impact Mortgages and Housing? | your*realtor
Interest Rate U-turn – Rates rose since March 2022 – Recently ↓ 0.25% – Borrowers to pay ↓, savers earn ↓ Savings Rates: – Prepare for ↓ rates – Factors: overnight rate, market, competition – Rates ~4%, likely to ↓