Mindblown: a blog about philosophy.

Alberta increases backing for 48 community housing providers to preserve units. $75M is allocated for operating funds in the 2024-25 fiscal yr.

Alberta will lead the country in housing price growth, with an avg increase of 7% to ~$480K. This is a double-edged sword, good for homeowners but challenging for first-time buyers.

Move-in ready homes: Wealthy buyers prefer homes that are move-in ready and don't require renovations. Low-maintenance features: Homes with easy-to-maintain materials and landscaping are in demand.

Canada's housing market is on hold as potential buyers wait for interest rates to come down. The Bank of Canada is expected to hold rates steady but may cut them in H2 2024.

Escaping high taxes entirely may prove challenging, but Alberta's tax-friendly environment makes it an attractive destination.Alberta offers affordable housing with no provincial sales tax or Land Transfer Tax, entice purchasers from other provinces.

Legal Obligations: Buyer’s agents assist buyers, while listing agents represent home sellers, each with fiduciary duties.Representation Advantage: Buyers benefit from an agent dedicated to protecting their interests throughout the transaction process.

The housing market is picking up in 2024 with mortgage rates going down. Buyers are coming back to the market, and bidding wars are reappearing.

Calgary offers attractive rental rates, potentially due to Alberta's lower tax structure.Bachelor apartments average $1,578 monthly.

The Calgary Real Estate Board reports a 9.9% increase in March home sales compared to last year due to interprovincial migration to Alberta. The benchmark price for all home types rose by 10.9% year-over-year. More affordable housing types saw significant price gains. Inventory levels decreased, with properties selling in an average of 20 days. Continue…