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Stories Tagged - Rental Market

ATB Financial chief economist Todd Hirsch. CREB®Now file photo

Dec. 23, 2015 | Joel Schlesinger

Rental rollercoaster

White-knuckle ride likely isn't over yet

Only a short while ago it was hard to find a place to rent in Calgary. How things have changed.

Calgary's rental market has been a rollercoaster ride since oil prices began to fall in late 2014. The vacancy rate for purpose-built rentals was 5.3 per cent this past October, based on numbers released by Canada Mortgage and Housing Corp. (CMHC) in mid-December. That's almost a 400 per cent increase from October the previous year, when the vacancy rate was 1.4 per cent.

"Obviously, a big part of that is due to a change in the economy," said Richard Cho, principal market analyst for Calgary with CMHC.

Randy Dhillon, Mainstreet

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.

Morning News Rundown

Oct. 20, 2014 | CREBNow

Morning News Rundown


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