Mindblown: a blog about philosophy.

Renting a home in Calgary is expected to become less available and more expensive in the next two years, with average rates projected to approach Toronto's. The rental vacancy rate is predicted to decrease, leading to substantial increases in average rent prices. Despite a growing rental universe, population growth and high interest rates are pushing…

February home sales in Calgary ↑ ~23% yearly, totaling 2,135 units. New listings are also ↑ 13.6% to 2,711, while inventory ↓ ~14% yearly.

1. Low ROI: – Many renovations don't pay off in increased home value, resulting in a potential loss of money. 2. Nothing Wrong: – If the house is structurally sound, aesthetic upgrades may be unnecessary, as buyers likely remodel post-purchase.

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.

Time-Saving Expertise : Buyer agents streamline your search, saving you valuable time. Negotiation Advantage : They secure you better deals, often exceeding expectations.

Set a timeline: Start prepping your home well before you plan to list. Determine upgrades: Take on only projects your house really needs not everything.

Canadian trust owners of cottages must file a UHT return for 2022, but there is no tax payable. The filing deadline is April 30th, 2024.

In Calgary, condo owners are selling as the market recovers, with prices hitting record highs. Limited supply and high demand are driving up prices, making it challenging for first-time buyers. Purpose-built rentals are increasing, attracting out-of-province investors. Builders are struggling to keep up with demand, especially for smaller units. Continue to full article