Mindblown: a blog about philosophy.
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Happy Canada Day
To all Canadians around the world, a very happy Canada Day to you all. This day commemorates the unification of the three North American British colonies. Canada Day is a celebration of a united Canada and examining its defects, past and present, should not lead us to overlook its strengths. So let’s pour our hearts…
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Calgary released progress report on affordable housing strategy
A report to Calgary city council shows progress in meeting affordable housing strategy recommendations, aiming for 3,000 new non-market homes yearly. Some councillors praise the fast progress, while others express concerns about densification in existing neighborhoods and the need for more non-market housing. Funding secured from the federal Housing Accelerator Fund to increase housing supply.…
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City of Calgary Market Update
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First Time Homebuyer? Master the Mortgage Maze
Boost your credit score: Aim for a high credit score, and improve it by: – Being on the electoral register – Paying bills on time. Prepare your bank statements: Show steady income, on-time bill payments, and enough savings for a home purchase.
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May sales cool as supply increases
Sales in Calgary's resale market cooled in May due to increased supply, with 3,092 sales, down 0.8% from last year. However, condominium sales surged by 19%, setting a new record. Despite more listings, home prices rose 9.5% year over year to $605,300, with row homes increasing by over 19% to $462,500. Detached homes remained the…
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Early-Q3 Set for Next Rate Cut
Bank of Canada cuts benchmark interest rate to 4.75%, a quarter-point reduction. Bank of Canada's next rate announcement scheduled for July 24, 2024.
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Strong Growth Expected for Calgary
Calgary's avg home price expected to ↑ 8% by year-end. Low housing supply driving price increases.
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Calgary home sales stay strong despite supply shortages
Calgary's resale market remained strong in May with 3,092 home sales, slightly lower than last year's record high but significantly above long-term trends. New listings increased, mostly in higher price ranges. The market continues to favor sellers due to low inventory levels. Sales of detached, semi-detached, row, and apartment condominium homes all saw price increases…
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Calgary realtors invest $500K into housing initiatives
Calgary Real Estate Board realtors are offering $500,000 in grant funding to support housing and shelter initiatives. Community and transformation grants are available until June 28. The foundation will award $105,000 in community grants and $45,000 in transformation grants this year. Ronald McDonald House Charities will receive $350,000 in legacy grant funding on June 19.…
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Calgary Luxury Market Heats Up: More Expensive but Still a Bargain
Calgary's luxury home entry point has surged from $1M to $1.5M due to a hot market, according to a recent report. After a national slump, Canada's luxury market rebounds, with Calgary leading the surge (52% yearly) but remaining well below pricier cities.
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