The city has to look at more “radical” ideas to solve what’s being described as a crisis in affordable housing, a municipal committee heard on Tuesday.
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Tag Archives: rents
Rental crunch on in Calgary
Finding a place to rent in Calgary is not easy and it is not expected to improve anytime soon according to the CMHC.
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Calgary ranks 3rd for Canada’s priciest office rents
Calgary is home to the third most expensive office space rentals in Canada, with Toronto and Vancouver taking the top spots in a new report released Friday.
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Rents In China Are Getting So High That Some People Are Moving Underground
BEIJING (Reuters) – Zig-zagging left and right through a maze of dark, narrow corridors in a high-rise’s basement, 35-year-old kitchen worker Hu has joined the many thousands of Chinese fleeing fast-rising property prices by heading down – down underground.
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Skyrocketing rents hit ‘crisis’ levels
Since the housing crisis began in 2008, approximately 4.6 million homes were lost to foreclosure, according to CoreLogic. The vast majority of those homeowners became renters. Even as housing recovered, credit tightened, pushing even more potential buyers out of homeownership and into rentals, both apartments and single-family rental homes.
Read more: http://www.cnbc.com/id/101258649
Space in short supply
Industrial space in Red Deer is growing increasingly tight, says a local appraisal company. And higher rents are the consequence.
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US rental market benefiting from mortgage rates?
Doug Culkin, president and CEO of the National Apartment Association, comments on U.S. housing where the buyers’ market seems to be “where the pain is” as the rental market is “pretty strong”.
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Rental market worries rise in Calgary
In Calgary’s increasingly tight rental market, some landlords have stopped advertising widely because they are routinely flooded with responses from eager, hopeful tenants.
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Renting all the Rage
The rise in mortgage rates may cause an increase in demand for rentals, reports CNBC’s Diana Olick.
Video: http://tinyurl.com/m92mvag
McMurray renting prices highest in nation
Fort McMurray rents are highest in the country and rising.
The Canada Mortgage and Housing Corporation’s spring Rental Market Survey shows average rent in the Wood Buffalo area in April 2013 has increased 6.8% to $2,229 per month for a two-bedroom apartment, the highest of any metropolitan or large census areas. With no new rental starts in the last year and increasing growth in employment, that number is not expected to drop any time soon.
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