JustDandy
New Member
we all know that Edmonton is a compromise
however I suspect many in Calgary are getting fed up and moving to Ed for some pricing relief.
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- Thread starter Davidackerman
- Start date
however I suspect many in Calgary are getting fed up and moving to Ed for some pricing relief.CalgaryTiger
Senior Member
Calgary year-over-year rental rate falls below inflation
Prices in Calgary for residential rental properties have softened, with the latest data from Rentals.ca showing year-over-year rates for July rising just 1.9 per cent for one-bedroom apartments. Th…
livewirecalgary.com
We're still not going up as much as the national rate.
It will take another few interest rate drops and less people moving here (internationally and nationally) for us to see prices start going the other way. Being below the national still means people from Ontario and BC will look at Calgary and if that's still too much they'll look at Edmonton. I suspect both (changes in migration/immigration and interest rates) will take 6 months to a year to make their way to the rental market because those are typical lease terms but maybe it is quicker than that. Granted Toronto and Vancouver are unaffordable to buy in and I don't suspect a few interest rate cuts to change that but less students and renters in those markets is already affecting condos.
trtcttc
Active Member
These stories really need better editing. inventory is up recently, it takes time for prices to adjust. Supply/demand dynamics in housing is not instantaneous because housing transactions take a long time. The headline in 3 months: Calgary housing prices cool as demand from migration decreases.
ByeByeBaby
Active Member
Here's an interesting "missing middle" form I haven't seen before for sale in Whitehorn:
Might not look like medium density at all, but check out the floorplan:
Yes, it's a 13 bedroom 2 1/2 bathroom detached house, in merely 1100 sq ft. Ten of the bedrooms are under 100 sq ft, and there are almost as many bedrooms under 70 sq ft as there are bedrooms with closets. Every bedroom has a window, although one of them is inside that bush to the left of the front door.
Might not look like medium density at all, but check out the floorplan:
Yes, it's a 13 bedroom 2 1/2 bathroom detached house, in merely 1100 sq ft. Ten of the bedrooms are under 100 sq ft, and there are almost as many bedrooms under 70 sq ft as there are bedrooms with closets. Every bedroom has a window, although one of them is inside that bush to the left of the front door.
UrbanWarrior
Senior Member
That layout needs worrrk. The two bedrooms next conjoined next to the porch should be the “primary” room (assuming it’s a living room), and an opening to the kitchen. Then split the current primary to two small bedrooms.
trtcttc
Active Member
Not sure if this is the one making rounds on the news but they inspected that one and apparently City can't do anything about it since it met all code requirements. A few isn't a big deal but probably best to get in front of it so it doesn't take over an entire city like it has in the GTA.
CalgaryTiger
Senior Member
Not a realtor but I thought a "bedroom" needed a closet? Also, where do they park?! Haha
trtcttc
Active Member
How does a street get approval for RPZ? That would probably alleviate at least some of the parking related issues since this house would still only qualify for 3 vehicles.
Pave the front lawn, as is tradition.
trtcttc
Active Member
Don't you need city approval for the sidewalk to be a driveway ramp?
jianxia15
Active Member
New investor group buying 3 Calgary apartment properties for $87.5M
The former president of Boardwalk REIT and current CEO of Nexus Industrial REIT are among a group of investors who will spend the equivalent of $87.5 million in cash and shares to purchase three Class A multifamily properties in Calgary with 149 units.
renx.ca
According to this article, Nimmons Residences and Cunningham are fully occupied.