Calgarys apartment vacancy rate highest its been in 25 years

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Calgary’s apartment vacancy rate highest it’s been in 25 years by Mike Tarasko Posted Nov 28, 2016 8:04 am MDT Calgary’s apartment vacancy rate has hit its highest level in a quarter centuryThe Canada Mortgage and Housing Corporation says seven per cent of purpose-built rentals are now sitting empty in Calgary, up from 5.3-per cent in October 2015.As a result, rent prices have dropped: an average two-bedroom is now going for about $80 less than last year.Lauretta Enders with Emerald Management and Realty says a lot of owners are offering incentives right now, but it’s essential that the home is clean and safe for renters.“A clean home that is well-repaired is much more inviting than something where there’s garbage left on the floor or the washroom hasn’t been cleaned or those types of things,” she said.Enders says it’s also important that property owners maintain a good relationship with tenants and listen to their concerns. (Stock photo: FreeImages.com)

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