The housing market in Canada is experiencing record breaking milestones. Pockets of Canada are experiencing various trend that differ from one another. If you’re thinking of renting an apartment or home in Calgary, here’s what you need to know. Overall, rental prices are not increasing in the city. There are diverse ranges of choices for people looking to rent, ranging from units that can accommodate families, couples, and single people. Let’s explore some of Calgary’s rental market trends.
The price of Calgary rental homes and apartments are decreasing because of the major economic shift the province is facing. Many landlords have shifted their prices down to accommodate their consumers. Due to rent now becoming lower, there are now more options for people who live in Calgary, and even outside of the city, to rent units that accommodate their needs, while in some cases exceeding their expectations of what is possible to get as a rental.
Calgary’s neighbourhoods have become vibrant, attractive locations for both Calgary locals and tourists. Areas like the Beltline and Brentwood have become iconic and are growing at great speeds in Calgary. Arbour lake is also a great option for people that are looking for a combination of urban and nature in the city.
The houses and apartments that were not as affordable before, now are becoming more accessible to individuals, families, and travellers. Many people in Calgary are steering away from investing in a home, and turning to the Calgary rental market because of high housing prices. Housing prices are high, rental prices are low, so it makes sense for many people to rent in the city.
While there is potential for the Calgary economy to bounce back in the short term, low rent prices are a silver lining to the current economic situation. The Calgary rental real estate market has slowed down, leaving more breathing room for first time home renters, and even those who are looking to downsize or relocate. Now, due to lowered prices of rent, more people will be finding themselves living in beautiful apartments and rental homes, options that they could not afford before.
With the Calgary rental market seeing a decrease in price and a rise in affordability, there will be many new developments in tow. New apartments and even new homes will continue to be built or sold as investment properties, leaving extra availability for those who wish to live in Calgary.
At Creative Rental Solutions, we specialize in renting homes and apartments for our clients. We offer properties that are both furnished and unfurnished, giving our clients a variety of options to suit their needs best. We serve many locations in Calgary, and have access to top priorities in Calgary’s best neighbourhoods. Whether you want a quiet suburb, or a busy city center, Creative Rental Solutions will have the home for you.
For more information, visit our website, www.creativerentalsolutions.com, or call us at 1 (844) 392-4713, to speak with someone who can lead you into the direction of your dream Calgary rental home.