Mindblown: a blog about philosophy.
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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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Calgary’s Residential Sales Surge: 37% Above Avg
Calgary Market in Early-Q2: – Sales: ↑ 7% yearly to 2,881 units – New listings: ↑ 11% yearly to 3,491 Detached homes: – Sales year-to-date: ↑ 1% yearly – Benchmark price: ↑ 1% MoM & ↑ 13% yearly to $749K
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How to Find a Buyer’s Agent
Speak to friends, local business owners, and check for "sold" signs in desired neighborhoods.Look for agents who’ve successfully closed transactions in the area where you’re looking to buy.
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Happy Father’s Day
Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of…
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Unveiling the Potential of Real Estate Investments in Calgary
Calgary is one of Canada’s fastest-growing cities, offering investors a wealth of opportunities for investing in Real Estate. The city offers diverse Real Estate investment opportunities with a strong economy, job market, and population growth.
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