Mindblown: a blog about philosophy.

Detached home prices in Okotoks have surged to ~$705K, nearing Calgary's high prices. Benchmark prices for all properties in Okotoks have risen to ~$623K, surpassing Calgary’s by $20K.

Calgary home sales in Mid-Q3 dropped nearly 20% from last year's record highs. The benchmark price for all home types was ~$602K, up 6.3% from Mid-Q3 2023.

Calgary experienced 356 transactions totaling $1.85 billion, with multifamily and commercial condos driving investment. The first half of 2024 saw a 93% increase in multiresidential investments, reaching over $525 million.

Federal land in Calgary's Currie Barracks and Edmonton's Village of Griesbach opened for development.Calgary's project includes 99 units, with 30% at 80% of median market rent.

National Day for Truth and Reconciliation honours survivors and raises awareness about their experiences. It's a symbol of Canada's commitment to reconciliation with Indigenous communities. Wearing orange shirts on this day symbolizes respect for survivors and raises awareness about residential schools. May this day inspire a future where every voice is heard, and every spirit…

Calgary’s benchmark for single-family detached homes grew 8.3% year-to-date, reaching $690,900.This price increase places Calgary sixth among Canadian cities for growth in benchmark pricing.

Calgary's condo market is attracting Toronto investors, as average rents surpass mortgage costs, creating surplus income.Calgary ranks sixth in a report comparing rent-to-mortgage ratios, with a monthly surplus of $474.

Calgary’s Real Estate predictions for the next 10 years are also looking optimistic. Calgary House Market Forecast: Avg House Price – 2024: $720K – 2025: $810K

The second rate cut in two months is positive news for those with debt and homebuyers. The rate decrease makes it a favourable buyer's market with lower mortgage rates.