Mindblown: a blog about philosophy.
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Happy Long Weekend!
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Calgary’s Downtown Conversion Program Milestone: First Office-to-Hotel Project Completed, Offering Key Insights for Future Redevelopment
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…
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Most Calgary outlying communities see price growth with one exception
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…
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Calgary Luxury Sales Surge in 1st Half of 2025
Calgary’s $4M-plus property sales ↑ 43% in the first half of 2025, leading all major Canadian cities. $1M-plus home sales in Calgary ↑ 3%, defying slowdowns elsewhere in the country. Interprovincial migration continues to boost Calgary’s luxury demand, especially among relocating buyers. High-end condos above $1M saw ↓ 8%, contrasting strong single-family home sales. Relative…
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Calgary Home Sales Forecast Slashed for 2025
CREB cuts 2025 sales forecast from 26,000 to 23,000 due to economic uncertainty. Projected 2025 sales decline by 11.5%, but remain above 2015–2020 recession-era levels. Record-high housing starts continue, mainly multi-family rentals, boosting future resale market supply. Detached and semi-detached prices forecast to grow under 2% after 10%+ in 2024. Row houses and apartment prices…
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Calgary: Exciting Growth Opportunities in 2025
Calgary's housing market will remain steady in 2025, driven by cooling demand and expanding inventory levels. Supply is projected to grow beyond 7,000 active listings by late 2025, easing previous market tightness. Detached home prices may rise moderately, especially in established suburbs and high-demand urban areas. High construction activity will continue in 2025, especially in…
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How to Know if a Home Fits Your Lifestyle?
Research local schools even if you don’t have kids — they influence home values. Consider internet availability and speed, especially for remote work or streaming needs.
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Downtown Calgary adds 10 new office conversions and more than 1,100 new homes to the core
Calgary is accelerating downtown transformation with 10 new office-to-residential conversion projects, creating 1,100 homes for 2,000 residents and removing over 1.1 million sq ft of office space. Supported by $80.6 million from the City and federal Housing Accelerator Fund, these projects will generate $357 million in private investment, boost property values, tax revenue, and local…
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Calgary’s Luxury Housing Market Defies National Trends, Attracting Buyers from Across Canada
Calgary’s luxury real estate market remains strong, attracting out-of-province buyers due to its relative affordability compared to Toronto and Vancouver. While luxury home sales dropped in Vancouver and Toronto, Calgary saw a 2% increase in $1 million-plus home sales. Limited housing supply and steady in-migration support demand. Luxury condo sales also rose 13%, reflecting the…
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Building Tomorrow: Calgary’s Industrial Plan
Calgary launched an Industrial Action Plan to boost economic growth and support population expansion. Industrial sectors contribute $19.7B to GDP and over 53,500 jobs, strengthening Calgary’s economy.
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