Cheap suites are not the answer

The City of Edmonton has extended a $3 million grant program to encourage low-cost secondary suites in private homes, but the real demand in the city is not for cheap rentals.

A recent Canada Mortgage and Housing Corp. (CMHC) survey found that, in a city where the overall rental vacancy rate is 1.7 per cent, the vacancy rate in units that rent for less than $750 per month is approaching 3.5 per cent and was as high as 5.5 per cent a year ago.

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Secondary Suites Debate Continues

The path to legal secondary suites in Calgary may get a little easier, in some neighbourhoods.

A report released by the City’s planning department is recommending changes to the way the suites are handled. City bureaucrats have suggested easing permit requirements in certain districts, such as areas within walking distance of major transit stops and postsecondary schools.

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Surge of homeowners renting rooms to travellers catches lawmakers’ eyes

For British student Carly Connor, a trip to London for a city break would be impossible if she had to pay for a hotel, so instead she rents a room in a Londoner’s home.

Ms. Connor, 26, is among a growing number of people taking advantage of a surge in the number of homeowners offering to rent out a room for a night or longer, with the cash a welcome addition to recession-squeezed budgets.

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