July 2023

RATES INCREASE! Elastic Band Effect and What's Rotting in Denmark 

Posted on Jul 20, 2023

Remember when we were in junior high school and we took elastic bands and snapped them against our skin and did this to our friends?  Why would we do that?  Geez.  But that's not what I'm talking about here.

 Last week, on Wednesday July 12, 2023, right in the middle of most people's vacations, the Bank of Canada raised its rate. Before that, we were ho...

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Calgary Housing Market Goes Up

Posted on Jul 04, 2023

Contrary to economist's projections in January, here's the year-over-year summary: Detached homes up 6%, Semi-Detached (half-duplexes) up 6%, Row/Townhomes up 11% with some areas as much as 20%, Apartment Condos up 12%. When will it end? It ends when Vancouver and Toronto residents stop moving here and investing here. No one really knows because cl...

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