Category: Uncategorized
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Home prices continue to climb in communities near Calgary
The benchmark home price in Strathmore rose nearly 12% in May, reaching $439,300. Cochrane also saw an increase of over 10%, with a benchmark price of $568,200. Airdrie had a 10% growth to $549,600, despite a 7% decline in sales. Chestermere's benchmark price reached $702,300, up almost 8%, with sales down 6% and new listings…
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Calgary First-Time Homebuyer Guide
Buying your first home in Calgary can be overwhelming but exciting. Calgary is a great place for first-time buyers with its strong economy and affordable housing market. Steps include determining your budget, getting pre-approved for a mortgage, finding a realtor, house hunting, making an offer, and closing the deal. Remember not to overspend and consider…
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Calgary Top in-Demand Neighborhoods
Calgary's housing market remains in high demand, with a mix of overbidding and underbidding in different neighborhoods. 49% of neighborhoods saw homes sell above asking price, 14% at asking price, and 37% below asking price.
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Calgary Rents Hit High, but Will Cool in 2026
Calgary one-bedroom rent ↑ 3.4% yearly to $1,810 in Early-Q2, ranking 12th city with high rents. Despite a slight MoM drop for 1 and 2-bedroom units in Calgary, the cost of a 2-bedroom unit ↑ 7.2% yearly.
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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.