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CREB Market Update and September Statistics

CREB Market Update and September Stats Package.    Inventory increases and sales drop in September, but overall sales for the year remain higher than last year   Strong gains in the first-half of 2017 has put the Calgary year-to-date sales at seven per cent above last years’ levels and 11 per cent below long-term averages, but challenges remain with easing sales and rising new …

Canada’s Rental and Housing Affordability

Rentseeker has looked at the math, and there’s one place in Canada where it says housing affordability merits a “satisfactory” rating. And as the Great White North goes, it’s pretty far up there. The rental portal has released a new infographic that shows the cost of renting across Canada, based on its own data, as well as information provided by the Canada Mortgage and …

CRESCENT ROAD – Properties Available!

Crescent Heights is a beautiful community located just north of the downtown area of Calgary. It became a village in 1908 and established as a neighbourhood in 1914. Crescent Heights is known as a tourist location for it’s amazing views of downtown, the river and the Rocky Mountains. Citysearch currently has three properties located on Crescent Road, a coveted location for Calgarians to live …

DIY Upgrades For Your Home Before Renting it Out!

Have you always wanted to rent out your property but don’t think it’s quite ready to be rented? Take a look at these Do-It-Yourself Tips and Tricks to spice up your home and prepare it to be leased through Citysearch Rental Network! We are here to help manage your rental property in Calgary! Renovations can be expensive, especially when you want to turn your …

CREB Market Update & Other Real Estate Informatio...

CREB Market Update and June Stats Package June spells a gradual recovery   Stable prices in detached sector signal balanced conditions despite increased inventory Calgary’s housing market in June saw a modest improvement in sales along with an increase in new listings.   However, demand gains have not kept pace with the amount of new listings coming onto the market. This caused inventory levels …

“…6 Million Dollars in Tenant Damage for 2...

Hi everyone, “CRRA Members Report Nearly 6 Million Dollars in Tenant Damage for 2016!” The CRRA has posted their seasonal rental review and it has some very valuable information. In this newsletter, you can read about the turnover survey results from individual zones in Calgary such as beltline, downtown, southeast, southwest, northeast and northwest areas. The article has information regarding the hype of LED …

We Need Your Help – Albertans for Housing Choice

Hello, Please find attached a request by the Calgary Residential Rental Association to complete a survey to ensure that the choice of individuals, specifically shift workers and seniors, is not taken away. “The Calgary Residential Rental Association (CRRA) has been working closely with all areas of government to ensure that fair rental market practices remain. The CRRA has created a website to address your …

So, You Wanna Be a Landlord

So, You Wanna Be a Landlord By: Trevor Davidson – President & CEO ApartmentLove.com   Interest rates are at near historic lows, there’s an unprecedented demand for rental properties and, let’s face it, being a landlord seems easy. I mean, buy the apartment, give it a good cleaning a fresh coat of paint and spot fix a couple holes in the drywall, post the …

Citysearch emphasizes the importance of carefully scre...

As reported by the CBC (article  below), Citysearch emphasizes the importance of carefully screening applicants to lease a property, short-term or long-term…. The risks are the same.  Checking previous landlord references, credit checks and confirming employment are just a few of the steps Citysearch uses to qualify an applicant to lease a property.  There are additional steps Citysearch when evaluating a proposed tenancy however, …

Tenant’s Security Deposits

Tenants’ Security Deposits – If a home is left unkempt and requires cleaning, damage by pets, broken appliances, Citysearch has a fiduciary duty to its owner to charge these expenses back to the tenant which means a reduction in the tenant’s security deposit refund.  The difficulty here lies in the fact that the tenant, owner and property manager each may view the condition differently.  …

Secondary Suites

Secondary (Basement) Suite – Important Notice  Designing a secondary or “basement” suite just got a lot easier. The City of Calgary has approved the Secondary Suite Development Permit exemption which eliminates the need for a Development Permit when people are looking to make their suite safe and legal.  Essentially, if a property meets all the requirements of the Land Use Bylaw and has the …

CMHC Rental Market Report for Calgary

Hello, Please find attached the most recent CMHC Rental Market Report for Calgary… just issued today reflecting October 2016 statistics. “The vacancy rate has moved well above historical averages largely due to a rise in supply in both the primary and secondary rental markets,” Richard Cho, Principal, Market Analysis (Calgary). The overall vacancy rate has increased to 7.0% and the average rent is $1143 …