Mindblown: a blog about philosophy.
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Why September is a danger zone for Alberta commercial properties
Alberta Mounties warn business owners that September, along with July and August, sees the highest number of break-ins to commercial properties. In 2023, there were 4,516 reports of break and entry in Alberta, with July, August, and September having 451, 431, and 413 reports, respectively. To enhance security, they recommend installing alarm systems, ensuring proper…
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Alberta Sees Increased Buyer Interest in 2024
Rising home prices nationwide have driven many buyers to seek affordable options in Alberta. Interest rate cuts by the BoC have renewed interest in purchasing homes in Alberta.
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Strong Edmonton Housing: Sales to Rise 15% by End-2024
Average sale prices across all property types are expected to rise by 6% through the remainder of 2024. Edmonton’s Sales volume is forecasted to increase by 15% through the remainder of the year.
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Maximize Your Alberta Multi-Family ROI
Alberta's economy and growth make it a prime location for Real Estate investors, especially in Calgary and Edmonton.Multifamily properties in high-demand areas offer significant ROI potential, driven by population growth and job markets.
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So many mortgage renewals are due in 2025; what’s on the horizon?
In 2025, Canada will face $1.4 trillion in mortgage renewals, one of the largest in its history. Homeowners can renegotiate terms, but economic factors like interest rates and inflation will significantly affect these new agreements. This wave of renewals may lead to competitive mortgage products, though higher rates could increase monthly payments and financial strain.…
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Alberta 2025 Forecast: Home Prices Will Rise by 8%
Avg home prices in Alberta are predicted to increase by 7.9% in 2025. By 2025, the average home price in Alberta could reach $523,012.
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Can Canadian Rate Cuts Spark a Housing Revival?
The Bank of Canada reduced its benchmark interest rate by 25 basis points to 4.5%, the second cut this year.The 25-basis point cut lowers the variable mortgage rate, saving homeowners approximately $95 per month or $1,140 annually.
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Inflation drop reinforces hope for September interest rate cut in Canada
Canada's annual inflation rate dropped to 2.5%, aligning with forecasts and suggesting a potential third interest rate cut in September. The consumer price index report highlighted lower prices in travel, vehicles, and electricity, while shelter costs remain a significant inflation driver, though their growth slowed to 5.7%. The Bank of Canada is expected to continue…
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Land Release in Calgary, Edmonton for New Housing
Federal land in Calgary's Currie Barracks and Edmonton's Village of Griesbach opened for development.Calgary's project includes 99 units, with 30% at 80% of median market rent.
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Canada Housing Starts Dropped 9% in Late-Q2
Canadian housing starts dropped 9% in Late-Q2, totalling ~242K units compared to Mid-Q2's ~265K units. Market estimates predicted around 255K housing starts for Late-Q2, but actual numbers fell short.
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