Mindblown: a blog about philosophy.
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Alberta Cuts Lowest Income Tax to 8%
Alberta plans to reduce its lowest income tax bracket from 10% to 8%, benefiting families significantly. Canada Pension Plan and Employment Insurance contributions will increase, costing workers up to $403 annually.
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Alberta Leads Canada in Housing Starts With 35% Growth
Alberta recorded 42,954 starts from January-November 2024, leading Canada with the highest per capita housing starts.Calgary saw 22,652 starts (+25%), Edmonton 16,939 (+48%), and Red Deer nearly doubled to 342 units (+90%).9,903 apartment starts in the first half of 2024 marked the highest in Alberta’s history since 1977.
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Reduced Rent Inflation Expected in Canada
Rent inflation is expected to slow with reduced immigration and weaker population growth. Immigration targets reduced by 20%, affecting temporary residents who are primary renters.
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Low inventory is heating up Edmonton’s real estate market
Low inventory is contributing to a sustained seller’s market in Edmonton, with December sales showing a 17.2% increase year-over-year despite a typical seasonal slowdown. A total of 1,428 residential sales were reported, with apartment prices rising 19.8% and semi-detached homes up 12.3%. New listings decreased by 33.3% from November, leading to a 22.5% drop in…
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Here’s how you can take the stress out of buying your first home
BlueShore Financial's expert advisors specialize in helping first-time homebuyers achieve their dreams. They provide accurate information, establish budgets and goals, and offer various financial options. Advisor Mirena Velikova assists clients in navigating the complexities of home ownership, including potential blind spots. She educates clients on savings plans, RRSP withdrawals, insured mortgages, and family support options…
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Family Life Insurance in Alberta
Life insurance provides financial security for monthly essentials, safeguarding your family’s lifestyle in the event of your passing.Alberta families should consider life insurance coverage to account for child-rearing costs and future education expenses.
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Insurance in Alberta – Overview
The Office of the Alberta Superintendent of Insurance oversees regulatory compliance in the insurance sector, ensuring fair treatment of consumers. Key responsibilities include responding to inquiries, conducting insurer examinations, and developing insurance policy. Recent updates include changes to the Minor Injury Regulation effective January 1, 2025, and alerts about fraudulent insurance agents. The office also…
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Alberta’s $4.6B Surplus: Strong, but Fragile
Alberta forecasts a $4.6B surplus for the fiscal year ending March 31, 2025, but faces uncertainties. Alberta relies on oil prices, with every $1 drop in WTI costing the province $630M.
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Edmonton Rent Climbs 4.5%, Slower Growth Ahead
Edmonton rent prices ↑ 4.5% annually, with one-bedroom averaging $1,355 in December 2024. Rent prices are lower than November, with one-bedroom rents ↓ 2.1%.
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9% Price Growth Coming to Edmonton Homes by 2025
Edmonton’s home prices are projected to rise 9% annually, reaching $494,860 by Q4 2025. The city remains affordable compared to national averages, supporting strong buyer activity.
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