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Apartment Finder Website ApartmentLove.com Among the W...

CALGARY, AB (October 24, 2016) – ApartmentLove.com, one of the largest apartment rental websites in the world, is now home to more than 600,000 daily active listings spanning 9,500 markets across Canada and throughout the United States. Launched in the fall of 2015, ApartmentLove.com is a favorite of the millennial generation, namely students, young professionals and new families, for its easy-to-use listing interface and …

Condo Corporation Cannot Prevent Rental

Condominium Corporation Cannot Prevent Rental of Unit Condominiums involve a unique form of ownership where the majority of owners control the site in a way that may impact your property rights, but that authority is not unlimited.  The Condominium Property Act (CPA) per Section 32(5) states it cannot prevent an owner from renting out his/her unit.  However, condominium corporations can adopt a rule prohibiting …

Message from Broker & CEO of City Search

A message from Lisa…   Citysearch is pleased to announce it is very active in leasing and managing residential properties in Calgary and area, from single family detached homes, duplexes and townhouses to apartment condominiums.  Citysearch matches high caliber qualified tenants to the best properties in Calgary…  Nothing gets Citysearch more excited than to facilitate the right match.  Our Citysearch’s tenant mix, a very …

Ottawa to Close Foreign Buyers Loop-hole

OTTAWA TO CLOSE FOREIGN-BUYERS LOOPHOLE (excerpt from the Globe and Mail – Oct 3, 2016)   “Ottawa will close a tax loop-hole that allows nonresidents to buy homes and later claim a tax exemption on the sale, a government source said Sunday.  The government plans to make sure the principal resident exemption is available only to individuals who reside in Canada in the year …

Calgary’s Low Rental Rates Have A Little Effect on Stu...

Image Source:CBC News Most Students Preferring To Live on Campus Although Calgary’s sagging rental market has opened up new affordable housing rentals options for students, most of the landlords in Calgary still have rental units. This is really surprising! Due to Calgary’s economic downturn, this year, first-year students had more choices than ever in Calgary, yet most of them have chosen to live on …

Calgary Vacancy Rate High, Rent Prices Expected to Dro...

Declined Home Sales Fail to Affect the Sale Prices Last month, July 2016, the house sales totaled 1,741 units, which is a 12.6% decrease from July 2015, according to the Calgary Real Estate Board. The sales for detached homes were down by 9.2% over the past year. With only 6,908 sales this year, sales activity is 22%, which is at its lowest level since …

Know The Truths About Calgary Real Estate Trend! It Is...

Forever Known Facts For a long time now, the city of Calgary is considered as one of the best cities to live in Canada. The strength of the area’s oil & gas economy has created an incredible environment for a luxurious lifestyle and profitable real estate investment. Surprise! Surprise! For the past few years, Calgary real estate’s downfall had people wondering when the market …

A Buyer’s Market in Calgary

Back in 2013, Calgary was classified with Vancouver and Toronto as one of Canada’s hot property markets, but now, as prices turn down, Buying a perfect house is both an important and a complicated task. No one would want to comprise when it comes to selecting a place to live. Buying the right home in the right locality and at the right time should …

Dear New Neighbours, Welcome to Calgary

With all the recent talk about economic setbacks and fluctuating prices, it is easy to sometimes forget to look on the bright side. So, I’d like to take this opportunity to welcome those who are new to the neighbourhood and now call Calgary home. Calgary is a thriving city with an abundance of opportunities. Our city leaders are dedicated to building a sustainable community …

Private Member Bill 202

  Click here to read Bill 202 A government MLA has introduced a bill that will review rent control, security deposits and overall housing affordability.   Bill 202 is called the Alberta Affordable Housing Review Committee Act, and is sponsored by Calgary East New Democrat MLA Robyn Luff. I have attached a link so you can review the Bill. The Bill creates a committee …

Calgary’s Latest Economic News: Are You Ready to Shake...

The drop in global oil demand and subsequent economic shakeout continue to shake up Alberta’s real estate economy. With home prices down, Calgary—along with the rest of the province—is turning into a renter’s market. Even in the luxury residential market, Calgary home rental rates are 20% below the levels of one year ago. In Calgary where dependence on the oil market is a powerful …

A Less Than Positive Outlook for Calgary Rent

Real estate rental prices in Calgary are down and some say they may not be going back up any time soon. The city’s vacancy rate has nearly quadrupled over the span of just one year, according to the fall Rental Market Survey from the Canada Mortgage and Housing Corporation (CMHC). Average rental prices in Calgary have actually edged up slightly and remain the second-highest …