Mindblown: a blog about philosophy.

The federal government is investing $18.6 million to build and repair 1,920 homes in Calgary, Alberta. This funding includes $1.8 million for Ogden Hub:29, which will provide 24 homes for families in need. The project features a five-storey building with various amenities. The National Housing Strategy aims to create affordable housing, prioritizing vulnerable groups. As…

A recent report by PwC and the Urban Land Institute highlights Calgary as the top real estate market to watch in Canada for 2025, based on various factors including investment trends and property sectors. The city offers significant opportunities for both single-family and multi-family residences, despite rising construction costs. Calgary's growing technology sector is expected…

The city is proposing a 3.6% property tax increase for 2025, down from an earlier projected 4.5%. This adjustment is attributed to increased investment income, which allowed the city to eliminate an additional 0.9% increase. Condo owners will see the largest increase, with typical owners of a $360,000 condo paying $1,370, a 10.5% rise. Additionally,…

Calgary renters are experiencing a slight decline in rental rates, with one-bedroom units averaging $1,692 in October 2024, down 0.9% from September and 2.2% from the previous year. Two-bedroom rentals also decreased to $2,074. This decline is attributed to a surge in rental unit availability, with nearly 7,000 new units on the market. In contrast,…

Housing sales in Calgary and Vancouver have seen a significant increase, indicating a potential revival in the market following recent interest rate cuts by the Bank of Canada. Vancouver reported a 27.2% rise in home sales from September to October, the highest since June 2020, with year-over-year sales up 31.9%. Calgary's sales rose 9.4% month-over-month,…