REALTORS® serving Calgary and area

 

CREB Now Logo

Calgary's trusted source of real estate news, advice and statistics since 1983.

 


Stories Tagged - Mainstreet Equity

Gerry Baxter, executive director of the Calgary Residential Rental Association, said the vacancy rate among members of the association is between eight to 10 per cent. Photo by Wil Andruschak, for CREB®Now
News

Aug. 12, 2016 | Mario Toneguzzi

Renters' paradise

Over-supply, fewer newcomers behind increasing vacancy rates

Vacancy rates in Calgary have spiked so far this year and are expected to rise for the foreseeable future, say industry insiders.

And with few signs of significant changes in the economy on the horizon, renters will enjoy plenty of choice and price flexibility, while landlords will need to get aggressive.

"Vacancy started rising pretty rapidly after the spring of last year and it's still been rising," said Gerry Baxter, executive director of the Calgary Residential Rental Association, which has about 850 members, representing between 65,000 and 70,000 rental units. There are more than 700 landlords in the association.

Randy Dhillon, Mainstreet
News

Nov. 25, 2015 | CREBNow

Calgary-based rental company to welcome Syrian refugees

Expected to open 200 units across Western Canada

Calgary-based Mainstreet Equity Corp., which specializes in mid-market apartment building in Western Canada, announced Wednesday that it will allocate at least 200 apartment units to house Syrian refugees expected to come to the country this year and next.

The apartments will reportedly be located in Calgary, Edmonton, Lethbridge, Saskatoon, Surrey, B.C., Abbotsford, B.C., and New Westminster, B.C.

Details of how many apartments will be allocated in Calgary were not yet available.


Connect With Us

Contact CREB®

300 Manning Road N.E.
Calgary, Alberta
T2E 8K4, Canada

 

CREB® acknowledges that its office is located, and that its REALTOR® members serve, on the traditional territories of the peoples of the Treaty 7 region and Métis Nation of Alberta, Region 3. We honour and acknowledge the members of the Métis community and specifically, the Métis Nation Region 3. In the spirit of reconciliation and because we are all treaty people, we also acknowledge all Calgarians who make our homes in the traditional Treaty 7 territory of Southern Alberta.


© CREB®  |  All rights reserved