There is always a waiting period for a house that is up for sale or rent but how long you need to wait for a buyer or a tenant to finalize a deal is something that depends on a number of factors. In Calgary for instance, the economy has been in recession ever since its oil economy slowed down considerably as a result of the fall in international oil prices. With signs of stability visible in the city’s oil economy, Calgary property management companies are expecting demand for houses to go up as migrant workers start arriving in the city. It may be a slow trickle right now but could pick up pace in the days ahead and that’s when demand for housing will increase.
In the sedate real estate market of Calgary, clients don’t come in droves and the few that do, have quite a few strings attached to their budget. It’s not easy to handle all their expectations and in most cases, meeting even a few of these can get very difficult for house owners. Besides, house owners […]
The economy of Calgary is expected to improve marginally in the near future and as a result more jobs will be generated by the city’s industries. The impact of this slow but steady turnaround is already reflected in lower rental inventory especially in condos and other affordable housing. It is expected that at some point, […]
Jobs are coming back in Calgary and so are the migrants, which is good news for the real estate market in the city. The demand for rental property is growing steadily and the high inventory levels will decline in all types of homes from apartments and condominiums to row houses and semi-detached units. No Calgary […]
The past couple of years have been particularly depressing for the real estate market in Calgary as oil industry came under pressure and jobs were lost in fairly large numbers. Toward the end of last year, vacancy for rental property fell around 40%, indicating better growth in this market segment. This has been pushing up […]
One of the hard realities of the property market is that forced evictions are a part of the system where uncooperative and occasionally, unruly clients are asked to vacate the rented property. It’s something that every house owner needs to realize and prepare for everywhere including in Calgary. Handling such tenants can be really difficult, […]
Many homeowners prefer to wait for the right tenant while some are in a hurry to get a tenant and are ready to compromise the standard procedures for that. Any good company involved in property management in Calgary, will never make such compromises because that can have several unintended consequences for the house owner. The […]