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Calgary homeowners will face higher property tax bills due to an 8.6% increase, with the provincial government's education tax requisition rising by nearly 12%. The average monthly tax increase for homeowners is $26, while condo owners can expect to pay $20 more per month. Council approved the tax rate bylaw, with the mayor criticizing the…

Increase for high earners: After June 25, 2024, capital gains tax increases for profits exceeding $250,000.The $250,000 threshold applies to individuals, including gains through partnerships or trusts.

Calgary's Real Estate market is stabilizing, showing resilience despite economic fluctuations.Total sales have seen a modest increase yearly, indicating sustained interest in Calgary's housing market.

Calgary buyers are increasingly considering semi-detached homes due to rising prices of detached homes. In Early-Q1, the benchmark price for a single-family detached home was $702,200, while semi-detached was $625K.

Record mortgage rates have cooled Toronto and Vancouver markets, but Calgary's luxury segment is thriving. Domestic buyers from Ontario and British Columbia are flocking to Calgary for lower prices. The average price of a detached home in Calgary increased by 14.4% year over year. Modern homes are preferred over traditional ones, and out-of-province buyers are…

Downtown Calgary is rebounding according to CBRE Canada Market Outlook 2024. The downtown vacancy rate is projected to decrease to 27.9% in 2024, ↓ from a historic high of 32.4% in 2022.

Selling a timeshare in Florida can be stress-free with a reputable resale company like Fidelity Real Estate. Real estate agents may not specialize in timeshare resales, so working with experienced companies is recommended. Resort buyback programs and being cautious of scams are important considerations when selling a timeshare responsibly. Avoid upfront fees and unrealistic promises…

High borrowing costs and limited inventory pose challenges for solo buyers or those dependent on a single income. Condo apartments are positioned as the most affordable property type for first-time home buyers or single-income buyers.

City council will vote tomorrow on allowing Calgarians to directly vote on rezoning all residential areas for row houses and townhomes. The motion was moved up the agenda by the Mayor and some councillors. If approved, the proposal would permit building row houses and townhomes in areas zoned for single-family houses. Continue to full article

Monthly payments become more manageable for young Canadians aiming for homeownership. Some advocate for broader eligibility, expressing concerns about effectiveness in high-priced markets.The industry expects a significant impact, potentially spurring more construction and aiding rental market relief.