Category: Uncategorized
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Will Rate Cut Hopes Stir Buyer Interest? | your*realtor
The psychological boost of a 25-basis-point cut might entice some buyers off the sidelines, but Canada’s housing market still faces stiff headwindsRate cuts will be slow to impact Canada’s goal of building millions of new homes due to higher construction costs.
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Canada’s Mortgage Market: Basics You Need to Know | your*realtor
Amortization Period: – Number of years to pay off your mortgage – 25 or 30-yr periods to minimize payments – Longer period means more interest paid overall Mortgage Term – Definition: Years your mortgage agreement lasts – Standard Term: 3-yr fixed terms are now popular -Renegotiation: Term's end, with prepayment options
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Annual Rent Prices in Calgary Are Rising | your*realtor
A recent report from Zumper found Calgary in 12th place, with a 1-bedroom costing $1,810, ↑ 3.4% yearly. Despite a slight MoM drop for both 1- and 2-bedroom units in Calgary, the cost of a 2-bedroom unit in Calgary ↑ 7.2% yearly.
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Climate Change Is Affecting How Canadians Buy Homes | your*realtor
39% of Canadians, especially millennials and Gen Z, consider climate-related factors in housing choices. Climate-related damages increase insurance claims, affecting housing affordability and coverage availability.
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Happy Father’s Day | your*realtor
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…
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Calgary’s Outlook for the Future
Calgary's city council approved blanket rezoning, with the impact on the market yet to be seen. The CMHC's Spring Housing Market Outlook predicts growth in housing starts, resale market activity, and moderate sales growth and price increases. The rental market is expected to see continued upward pressure on average rent. Alberta's housing market is forecasted…
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New $10K Secondary Suite Incentive Program in Calgary | your*realtor
A new program in Calgary aims to boost housing supply by offering incentives for safety in secondary suite development. Homeowners could receive up to $10K for safety requirements and an additional $5K for accessibility improvements.
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Calgary’s Home Sales Tick Down in Late-Spring | your*realtor
Calgary home sales in May ↓ 0.8% yearly to 3,092 units. The decrease was driven by fewer sales of lower-priced detached and semi-detached homes.
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Calgary Market Sizzles: Potential 2026 Shift | your*realtor
Aggregate home price in Calgary ↑ 9.7% yearly to ~$676K in Q1 2024, the highest among major regions. Median price of single-family detached home ↑ 9.8% yearly to $774K; condo price ↑ 8.8% to $265K.
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your*realtor | Where You Can Buy for Under $500,000 in Calgary
Calgary's housing market is hot with a sales-to-new listings ratio of 84%, driven partly by out-of-province buyers. The east area of Calgary has the lowest avg house price in Calgary, at **$436K**, but this price [↑](color-green) **25%** each year.