Despite being headquartered in one of the states hardest hit by the housing crash, the CEO of Miami-based Lennar Homes said he is bullish both on the rental side of the business and the single family side. No wonder, Lennar recently announced it was getting into multi-family apartment construction.
Read more: http://www.cnbc.com/id/100558148
The Census Bureau says there are about 41 million renter households in the United States, a group making up about 35 percent of the country. And the renter ranks are expected to swell this decade as the housing demand of Baby Boomers and their children starts to converge. Twentysomethings who’ve been living at home during the recession will finally move out to form their own households. Many Baby Boomers, meanwhile, are expected to downsize into smaller rentals units where they won’t have to mow their own lawns.
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We talk to Calgary mayor Naheed Nenshi about Calgary’s red-hot rental market – and ways the city can make life easier for local renters.
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CALGARY — Calgary’s office market in the central business district recorded one of the highest year-over-year rent increases in the Americas in 2012, according to commercial real estate firm Cushman & Wakefield.
The Office Space Across the World 2013 report, released Tuesday, said rents in the city rose by 29 per cent — the fifth highest in the Americas.
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Having long provided an affordable entry into the housing market, Calgarians are again turning to the condo sector as a way to make their homebuying dreams a reality.
According to CREB®, sales in the apartment and townhouse sector recorded annual increases of 12 and 16 per cent, respectively, in 2012, despite a decline in listings.
A likely factor in the rising demand for Calgary condos is the lack of availability in the city rental market. According to the Canada Mortgage and Housing Corporation’s (CMHC) Fall Rental Market report for the city, the apartment vacancy rate in the Calgary CMA declined to 1.3 per cent in October 2012.
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With more houses for sale and many homeowners conscious of their current equity position, renting out their property may make sense. It doesn’t hurt that predictions are the vacancy rate in Edmonton will go down, and that means the demand for rental properties will go up.
If you’re thinking of renting out your home, I believe there are a number of factors to take into consideration when making a decision. I encourage you to take a look at the following tips to determine if this option is for you. I do work closely with real estate investors; however, given I am a mortgage broker and not a Realtor, the information following is what I have had the benefit of picking up over the years while working closely with both borrowers and Realtors.
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Data being used to set earning limits for rental subsidies in Okotoks is inaccurate according to local housing officials who say changes are needed.
The Provincial government uses rental market data from the Canadian Mortgage and Housing Corporation (CMHC) to help determine whether someone can qualify for a rental subsidy in Okotoks.
Foothills Foundation CAO Lauren Ingalls said CMHC’s fall 2012 rental market report doesn’t accurately reflect the realities in Okotoks because the organization only looked at 112 apartments for its survey. It did not look at properties such as houses, condos or basement suites being rented out.
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If housing is getting better, why would rentals be the place to invest? CNBC’s Diana Olick looks at the demand and whether it is or isn’t permanent.
Video: http://tinyurl.com/bfsdtsn
If you live in rental accommodations in Red Deer, you’re probably paying about $40 more a month now than you were a year ago. And you have fewer alternatives to choose from.
The average apartment rental in the city was $804 in October, according to Canada Mortgage and Housing Corp.’s fall rental market survey. That was up more than five per cent from $764 for the same month in 2011.
Read more: http://tinyurl.com/d2tbxgm
Vacancies almost half of ones available last year
If you’re looking for a place to rent in Medicine Hat you have a little less to choose from.