For Gen Y, renting sounds great – but try finding an affordable place

It’s a tough time to be a renter. I was rejected – and yes, I’m feeling pretty sorry for myself.

After searching for a bigger apartment on and off for the better part of a year, my partner Don and I finally put in an application for a place we liked. We have excellent credit scores, steady jobs and good references. We were confident the landlords would choose us. Why wouldn’t they?

Read more: http://tinyurl.com/bljxar7

Attainable homes initiatives gaining popularity

CALGARY — With prices in Calgary’s real estate market continuing to rise, a growing trend is emerging in the popularity of attainable housing initiatives in the city.

Attainable Homes Calgary and McPherson Place — two separate projects — have seen an explosion of interest by Calgarians who want to get into home ownership

Read more: http://tinyurl.com/a5w7q65

 

Renters blamed for snowy sidewalks

EDMONTON – It would be easy to blame students for the mess.

Renters with no ties to the community, are they the focus of a rash of sidewalk complaints giving the university-area neighbourhood of McKernan rights to the title ‘worst winter sidewalks in Edmonton’?

“I was 20-years-old once, too,” said Wayne Rogers with a laugh.

Read more: http://tinyurl.com/br7hv3r

AHL easing housing burden in booming Airdrie

The Government of Alberta announced on Feb. 7 that 1,600 Albertans have graduated from housing-first programs since 2009.

Locally, Airdrie Housing Ltd. (AHL) is helping approximately 200 people every month with rental units or through their rent supplement program, which helps residents with net incomes not $37,500 rent one-bedroom apartments at a reduced rate.

Read more: http://tinyurl.com/b4k4gw4

Guess Who’s Driving the Demand for Rental Apartments?

The housing market is supposedly roaring back. Home prices are seeing their biggest annual gains since 2006.

Renters must be rushing back to buy, right?

Not exactly.

In fact, even as housing and the greater economy improve, a shift in demographic trends will likely favor the rental apartment market for the foreseeable future. It is all about women.

Read more: http://www.cnbc.com/id/100416547

 

Generation Y And Home Ownership: A Generation Of Renters, But Not By Choice

Sociologists couldn’t do better than Bram Warshafsky, 23, as a model for the attitude shift toward home ownership that they have long predicted for his generation.

Raised in a four-bedroom house in an upper-middle-class neighbourhood in midtown Toronto, Warshafsky, the second of four boys, appreciated having enough space in the backyard to play catch. But after he finished his commerce degree at Queen’s University in 2010, moved back in with his parents and landed a job with Johnson & Johnson’s marketing division, he couldn’t justify a jump into the real estate market. He has since become what he describes as a “passionate renter.”

Read more:  http://tinyurl.com/a24jox2