Category: Uncategorized
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Own your future: Your step-by-step guide to homeownership
Many Canadians find the home buying process stressful and frustrating. To start, save for a down payment and other expenses like taxes and fees. Determine your budget using tools like TD’s Mortgage Affordability Calculator. Get pre-approved for a mortgage to know your options. Find a realtor who understands your needs and market trends. Schedule showings…
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Calgary Launches $60M Affordable Housing Program
Calgary announces a $60 million Housing Capital Initiative (HCI) for affordable housing. Charities, non-profits, and Indigenous groups can apply for funding until Oct. 10.
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Calgary Detached Home: Prices Jump Nearly 13%
Calgary's benchmark price for a detached home rose nearly 13% yearly to ~$760K.Only East Calgary has a detached home benchmark price below $550K, at ~$530K.
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Check out my listing Address: 201 116 Saddlestone Heath NE
Welcome to this inviting fourplex townhouse, offering 1364 square feet of thoughtfully designed living space. This home features three spacious bedrooms and two and half modern washrooms. The sleek kitchen, equipped with top-of-the-line appliances and contemporary finishes, is perfect for culinary adventures. The single front garage provides convenience, while the walking lane in the back…
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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.