It took Nikki Osbak months to find a place to live.
The 27-year-old Mount Royal University student knew she wanted to live close to campus, but found few options after searching online ads. Finally, she “lucked out” just this week, signing on to move into a rental home with two other students at a monthly cost of $600.
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Could Calgary be in line for a housing crunch over the next month or so? The vacancy rate is already at just 1.5% and could go even lower. It’s been a double-whammy on the housing market thanks to the flood. It has made some homes uninhabitable, while forcing people living in those homes to find somewhere else to live.
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Calgary homeowners may be prohibited from rebuilding several legal basement suites that were destroyed in last month’s flood, council heard Monday.
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The recovery from June’s floods will put added, short-term pressure on a rental vacancy rate that was already declining due to a strengthening labour market, predicts the Calgary Residential Rental Association. – See more at: http://www.househunting.ca/calgary/real-estate/Floods+further+tighten+rental+market/8621318/story.html#sthash.cvUgPH6L.dpuf
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Founder and CEO of Urban Compass, Robert Reffkin explains how his company can help renters find reasonably priced apartments in New York City by using new online tools.
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As Calgarians clean up flood-damaged properties, there’s concern the disaster has shrunk the city’s already tight rental housing market.
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CALGARY — Calgary’s rental apartment vacancy rate is the lowest in the country with average monthly rents increasing the highest, according to Canada Mortgage and Housing Corp.
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Robert Shiller, Co-founder of the Case-Shiller Index, discusses the outlook on housing and whether Americans are abandoning the dream of home ownership in favor of renting.
Video: http://tinyurl.com/czxv39m
Forty miles outside Chicago, Tom Roeser is participating in a large-scale version of “Flip This House.”
As CNN Money’s Les Christie reports, Roeser, president of the town’s largest employer, OTTO Engineering, has been scooping up dozens of foreclosed properties for the last several years.
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A cream-coloured wooden fence and burly evergreens surround the white duplex on the corner. On one side of the house, building blocks of a backyard garden face the quiet street, waiting for spring.
But the other half of the duplex tells a different story, one that often remains untold. It offers a glimpse into the lives of some Lethbridge residents who, desperate for a place to call home, settle for sub-standard shelter with no legal address.
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