Mindblown: a blog about philosophy.
-
BoC Holds Rates: What It Means for You
The Bank of Canada is keeping its key lending rate at 2.75%. Your loan and mortgage rates won’t rise—for now, your payments stay the same. If you’re house-hunting, affordability remains tight but could improve later in 2025. No change in borrowing costs means it’s still smart to shop around for better terms. Relief may be…
-
Canada Home Prices Could Soar Without More Supply
Median home prices could hit $800K in Montreal, $1.8M in Toronto, and $2.8M in Vancouver by 2032 if supply stays limited. AI analysis shows housing supply, regulatory policies, construction costs, and demographics will shape future home prices. Doubling completions or reducing approval delays could ease price growth in Toronto and Vancouver. Labour shortages, rising costs,…
-
Why Appreciation Rate Matters in Real Estate
Appreciation rate is the annual percentage increase in a property’s value over a specific time period. It’s a critical metric for Canadian homebuyers and investors evaluating long-term property performance. Key drivers include location, infrastructure, economic trends, interest rates, and housing market supply and demand. Appreciation may be market-driven or forced through property upgrades like renovations…
-
Check out my listing Address: Rural Parkland County, Alberta T7Y2H5
Looking for peace, space, and opportunity in the county? This 3.66-acre handyman's special offers the quiet lifestyle you’ve been dreaming of, with room to grow for an affordable price. A heated 26’ x 40’ shop with two additions provides plenty of space to work, and live comfortably while you plan and build your dream home.…
-
Why Alberta Is on Every Mover’s List
Slide 1 B.C. is waving goodbye — 70,000 people packed up and left last year. Slide 2 Almost 38,000 of them headed to Alberta for bigger paychecks & smaller mortgages. Slide 3 Alberta’s loving it — biggest net population boost since 1972. Slide 4 Why leave? Housing too pricey, taxes too heavy, wages too low,…
-
Alberta Crash or Rebound 2025–2026?
Home sales in Alberta are rising: +8.6% projected for 2025, signaling confidence and recovery. Average prices expected to climb ~4.7%, buoyed by economic diversification and investor interest. In Calgary, prices forecast to grow 3–5%; Edmonton 2–4%, indicating balanced regional growth. Strong fundamentals suggest modest gains ahead—not crash, conditional on continued economic diversification through 2026.
-
Edmonton in Mid-Summer: Increased Home Choices for Buyers
Nearly **4,400** homes listed in July Listings ↓ **7.8%** year-over-year Home sales dipped ~0.5% MoM Buyers gain more market power Avg. price: ~$460K, ↑5% YoY
-
BoC Rate May Drop to 2.25% by End of 2025
The Bank of Canada may cut rates two more times in 2025, totalling 50 basis points. These cuts could reduce the key lending rate to 2.25% by December 2025. Forecasted cuts respond to economic slack despite recent inflation upticks and global trade tensions. Variable-rate mortgage holders may see lower payments or more principal repaid if…
-
Rent is down in Edmonton, but the big picture tells a different story
Edmonton's rental market cooled this summer, with average one-bedroom rents dropping 3.8% to $1,369 and two-bedrooms down 1% to $1,745 year-over-year. Despite this, Edmonton saw a 27% rent increase since 2022, the second highest in Canada. Calgary's rents fell 8.8% for one-bedrooms. Nationally, rents declined 3.6% from last year, with the priciest markets in B.C.…
-
Buyer’s market? Edmonton home listings surge 20 per cent year over year
Edmonton's housing market remained steady in July with 2,860 sales, a slight decline from June and last year. New listings rose 7.8% month-over-month, boosting inventory by 4.7%. The average residential price was $463,078, up 5.2% annually but down slightly from June. Detached home prices increased, while condos and townhouses saw price declines. Buyers have more…
Got any book recommendations?