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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 …

Calgary Home Rental Market and Real Estate Trend

Alberta’s largest, most populous city and one of the finest lifestyle providers in the province – yes, you guessed it right, we are talking about none other than the city of Calgary. The city has witnessed tremendous growth in the recent years. It won’t be going way too far if we say that Calgary is one of the best cities in Canada to abode …

Ottawa’s pipeline approvals give Alberta boost, but ri...

http://www.theglobeandmail.com/report-on-business/ottawa-approves-trans-mountain-pipeline-line-3/article33094301

A landlord’s nightmare: Tenants kept livestock i...

http://www.cbc.ca/news/canada/toronto/landlord-tenant-board-rent-goat-kingston-1.3872415

How To Immigrate To Canada

With the ripple effect that has followed the US Presidential Elections, markets dipping to record lows and shock (and dismay) expressed from around the entire globe, something had to give. It turns out that the sudden interest in Americans wanting to immigrate to the Great White North not only crashed government websites dealing with immigration, it has made Canada cool once again.   So …