Buyer’s conditions in the apartment sector are contributing to a continued shift in Calgary’s resale residential housing market, which experienced a second consecutive month of price declines in October, according to CREB®.
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Calgarians drawn to more affordable alternative
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Market sees rise in vacancies, rents
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Higher rents are ahead next year for the nation’s apartment dwellers but some cities will see smaller bumps than in recent years, market researchers say.
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NEW YORK (Reuters) – Finding an apartment to rent got even harder in the third quarter, as the U.S. apartment vacancy rate fell to its lowest level in more than a decade, according to an industry report released on Tuesday.
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For nearly 50 years, the Rodewoldt apartments have been an amazing, yet somewhat odd sight for High River residents, what with the five-suite complex being constructed on stilts.
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A pair of apartment buildings proposed for Red Deer’s Lancaster East neighbourhood could add 157 new suites to the rental market by next summer.
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Red Deer’s municipal planning commission has approved the development of a 24-unit residential building on the city’s South Hill, despite the fact its site falls 46 per cent short of the minimum area required under the land use bylaw.
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U.S. builders ratcheted up new construction in March, but the growth was entirely in apartment buildings. As rental demand shows no sign of abating, multi-family housing starts jumped 27 percent from February and a staggering 82 percent from March of 2012, when seasonally adjusted. These starts are now running at an annualized pace of 392,000, far higher than the ten-year historical average of 238,0000.
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What kind of housing do you think is most uniquely Canadian: The Victorian semi-detached house? The suburban split level? The downtown glass condo tower?
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