Mindblown: a blog about philosophy.
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Rent or Own? The Path to Owning Your Home
Weigh Flexibility vs. Investment: Renting offers flexibility, while buying builds equity and offers tax benefits. Consider Long-Term Stability: Buying is better if you plan to stay in one place for many years.
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More industrial spaces boost Calgary market options
The Calgary industrial market is shifting as increased supply leads to higher vacancy rates, now at 4.5%. This marks a rise from previous quarters, with negative absorption of 353,000 square feet. The sublease vacancy rate is at 1.1%, and overall availability is 5.1%. Despite a slowdown in construction, demand for new industrial spaces remains strong,…
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Are Airbnb rentals eating up Calgary’s housing market? No, says StatCan report
A recent Statistics Canada report indicates that short-term rentals like Airbnb constitute a small fraction of Calgary's housing market, with only 1,846 units available as potential long-term dwellings, representing 0.33% of the total housing supply. This is below the national average of 0.69%. Experts suggest that short-term rentals are often misunderstood and play a role…
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Is Now the Time to Buy in Calgary?
Calgary saw 2,738 residential sales in Late-Q2, up 17% from long-term trends. Late-Q2’s benchmark price rose to $608K, marking an almost 9% increase yearly.
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Calgary Rents: 7.3% Increase in Early-Q3
Calgary remains a popular destination, increasing cost of living and rental rates. Renting a two-bedroom in Calgary has risen by 7.3% since July 2023.
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Calgary Market Slowdown: Sales Drop 13%
Calgary reported 2,738 residential sales in Late-Q2, marking a 13% drop yearly. Supply challenges in lower price ranges limited options, pushing over 40% of homes over list price.
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Parker: Calgary Co-op breaks ground on new retail complex in Cochrane
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Bank of Canada cuts key interest rate for 2nd consecutive time, to 4.5% | CBC News
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Home Sales in Calgary Tick up, but Yearly Decline Persists
The recent rate cut by the BoC is believed to be a contributing factor to the uptick in home sales. Home sales in Calgary ↓ 12.8% yearly in June 2024, totalling 2,738 units sold.
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Calgary Housing Sales Surge to 5-Month High
New listings continued to outpace sales in higher-priced markets, with inventories expanding even in busy markets like Calgary.In Calgary, June saw a surge in sales activity, reaching a 5-mo high on a seasonally adjusted basis.
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