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Stories Tagged - Calgary Rental Market
News
Nov. 27, 2013 | Cody Stuart
A Small Step Forward
A small measure of relief is on the way for Calgary renters.
While the city's vacancy rate isn't about to see a dramatic increase in the near future, construction in the long dormant rental sector is on the upswing.
With just 418 purpose-built apartment rental units built in the city between 2006 and 2011, it appears Calgary developers are recognizing the need for more rental properties.
While the city's vacancy rate isn't about to see a dramatic increase in the near future, construction in the long dormant rental sector is on the upswing.
With just 418 purpose-built apartment rental units built in the city between 2006 and 2011, it appears Calgary developers are recognizing the need for more rental properties.
News
Nov. 14, 2013 | Cody Stuart
Calgary Apartment Construction Lagging
Casting light on Calgary's current rental crunch, a new report shows there were fewer purpose-built apartments built in Calgary than in any other major city in Canada between 2006 and 2011.
As shown in the report released by the Altus Group, there were only 800 purpose-built rental apartments built in Calgary between 2006 and 2011. The number places Calgary last amongst the markets surveyed for rental apartment construction.
As shown in the report released by the Altus Group, there were only 800 purpose-built rental apartments built in Calgary between 2006 and 2011. The number places Calgary last amongst the markets surveyed for rental apartment construction.
News
Oct. 17, 2013 | Cody Stuart
Rental Crunch a 'Crisis'
Calgary is in a "rental crisis," Mayor Naheed Nenshi confirms, as he called on the provincial and federal governments "to use the levers they have available to them to encourage more construction of rental projects."
With a vacancy rate that Nenshi said is "likely close to zero," securing a place to live is proving to be a difficult task for many renters in the city.
With a vacancy rate that Nenshi said is "likely close to zero," securing a place to live is proving to be a difficult task for many renters in the city.
News
Oct. 10, 2013 | Cody Stuart
Mayor Provides Update at CREB®Talk
Speaking at CREB®'s recent Broker Forum Lunch, Calgary Mayor Naheed Nenshi stressed the need for change to the way the city handles secondary suites and suburban subsidies.
With the upcoming election set to take place Oct. 21., Mayor Nenshi renewed his call for citywide acceptance of secondary suites.
With the upcoming election set to take place Oct. 21., Mayor Nenshi renewed his call for citywide acceptance of secondary suites.
News
Sept. 06, 2013 | Cody Stuart
An Opportunity to Upgrade
For a seller's market, Calgary is certainly seeing it's fair share of new buyers.
Following a month that saw MLS® sales in the city increase by 17 per cent from the previous year, August saw 2,196 sales in the city, an increase of 27.5 per cent in comparison to the same month in 2012.
Following a month that saw MLS® sales in the city increase by 17 per cent from the previous year, August saw 2,196 sales in the city, an increase of 27.5 per cent in comparison to the same month in 2012.