CALGARY — The Calgary industrial real estate market has shown a strong start to 2013 with overall vacancy dropping, according to a new report by Colliers International.
The report said vacancy has dropped to 4.72 per cent in March from 5.05 per cent at the end of the fourth quarter of 2012.
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(Reuters) – The U.S. apartment vacancy rate fell to its lowest level in more than a decade, but persistent stagnant income growth for U.S. workers has tempered the ability of landlords to raise rents, according to an industry report released on Wednesday.
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CALGARY — Alberta is tied with Saskatchewan for the lowest ratio of unemployed people for every job vacancy in the country, according to Statistics Canada.
The federal agency reported Wednesday that there were 1.9 unemployed people for every job vacancy in Alberta in December, down from 2.3 in December 2011.
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The last vacant lot downtown is sold. And Jeff Richards, president of St. Albert-based JDR Insurance, said it will be filled by one handsome building.
“It’s a brand new office building … It’s going to be a modern yet old-looking structure. It’s all brick and glass, there is no stucco,” he said.
Richards said after leasing office space above Vineyard Wine Market on 41 St. Thomas St. for 10 years, he decided it was time for a move.
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CALGARY — Sentiment in Calgary’s industrial real estate market is expected to be “cautious” over the first quarters of this year but tenant demand for space will remain “somewhat stable,” says a report by Cushman & Wakefield.
“As 2013 progresses, the global economy should begin to pick up, resulting in an increased demand for natural resources, setting Calgary and the rest of Alberta up for another surge in economic activity,” said the report.
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Avison Young released today their 2013 Canada, U.S. Forecast, and Lethbridge has a pretty hot industrial space market.
The annual report covers the office, retail, industrial and investment markets in 29 Canadian and U.S. metropolitan regions, including Lethbridge.
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CALGARY — Calgary’s industrial real estate market showed stability through 2012 with the overall vacancy rate finishing the year at 5.05 per cent, up slightly from 4.71 per cent in the fall, says Colliers International.
In a market report, the company said total absorption for 2012 exceeded the yearly average, up from 2,545,817 square feet in 2011 to 3,718,800 square feet in 2012. The vast majority of this absorption occurred early in the year, peaking in the third quarter with the completion of the 1.3 million square foot Target Distribution Centre in Balzac, said Colliers.
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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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When it comes to the Albertan city with the fastest rising rental prices, we’re number two.
The average monthly cost of renting a two-bedroom apartment in Grande Prairie increased 8.8% in 2012, trailing only Cold Lake at 10%, according to a recent report from the Canadian Mortgage and Housing Corporation.
In 2012, the average price of a two-bedroom in Grande Prairie was $1,004 – an increase of $161 in the past two years.
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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.
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