Mindblown: a blog about philosophy.

Calgary's housing inventory rose 83% to 6,941 units, restoring pre-2022 levels and boosting options, especially for apartments and row homes. Home sales fell 16.5% to 2,286 units, while new listings increased 11.2%, balancing the market. Prices dropped 3.6% citywide, mainly in apartments and row homes, while detached home prices remained stable. Supply gains and cautious…

Calgary rent prices continue to drop, with one-bedroom rents down 2.4% from last month and 12% year-over-year, averaging $1,610. Two-bedroom rents fell 2.5% monthly and 11.8% annually, averaging $1,940. This contrasts with a slight rent increase across Canada, where median one-bedroom rent rose to $1,520 and two-bedroom to $1,907. Vancouver remains the priciest city, with…

Calgary's real estate market shows signs of cooling with a 0.4% rise in aggregate home prices and a 1.2% increase for single-detached homes, while condo prices fell 1.6% due to new construction. Inventory is growing, creating a more balanced market and more buyer options. Despite slight sales dips, affordable homes in good locations still attract…

Calgary’s Downtown Development Incentive Program has advanced with the opening of the Element Calgary Downtown, the city's first office-to-hotel conversion. Launched in 2021 to address nearly 30% office vacancy, the program offers grants up to $75/ft² for conversions to residential, hotel, or mixed-use spaces. So far, 21 projects totaling 2.7 million ft² are approved, including…

In June, Calgary’s bedroom communities mostly saw rising home prices despite falling sales and increased inventory. Airdrie was an exception, with prices down nearly 3% and sales dropping 22%. Other areas like Cochrane, Chestermere, Okotoks, High River, and Strathmore experienced modest price gains and varied sales changes. Canmore led with an 11% price increase and…