Gil Property Management & Sales Ltd’s Post

Alberta's rental market in 2024 is experiencing significant inflation, with average rent prices now at $1,787. This has been driven by factors like interprovincial migration and increased demand for larger units, particularly three-bedroom apartments, which saw a 21.3% year-over-year increase. As tenants compete for fewer affordable options, and landlords try to balance profitability with tenant retention, the market has become highly competitive. Get all the insights by reading our latest blog post! https://buff.ly/48QtHvE #AlbertaRentals #RentalMarket #PropertyManagement #RentIncreases

Our latest Alberta report is in—here's what landlords need to know. 🏢 Edmonton’s rent for unfurnished, one-bedroom units surges by 13.53% year-over-year, while Calgary sees a 6.11% increase. However, both Calgary and Edmonton saw slight declines month-to-month heading into peak rental season. With the target overnight rate cut to 4.75%, rates may fall consistently in the coming months. Stay in the know: https://link.liv.rent/2r0 #Alberta #RealEstate #InvestmentProperty #PropertyManagement #BankOfCanada

Calgary rent prices spike again but it's not all bad Contact me to discuss the latest scoop in real estate! #Realestatealberta #calgaryrealtors #yegrealestate #yegrealtor #yegrealty #yeghomes #sherwoodparkrealtor #sprucegroverealtor #stalbertrealtor #leducrealestate

Calgary rent prices spike again but it's not all bad Contact me to discuss the latest scoop in real estate! #Houseforsell #realestateagent #YYCrealestate #YYCrealtor #YYC #calgaryrealtors #calgarylistings #realestateinvestor #realtor #housingmarket

Though rent growth in Canada slowed in 2024, tenants in some Alberta municipalities saw rental costs jump by two, three, and even six times the national average, reported the Okotoks Western Wheel. "The average price for a two-bedroom unit in Canada rose 5 per cent this year, down from 8 per cent in 2023, according to the Canada Mortgage and Housing Corporation (CMHC) Société canadienne d'hypothèques et de logement(SCHL). The rental markets in Alberta’s largest cities have cooled off slightly as well, but in many smaller towns, where dedicated rentals have never been a large part of the housing supply, the trend is going in the opposite direction." "Using data from Alberta’s annual apartment vacancy and rental cost survey and CMHC rental market survey, Great West Media compared average rental prices for two-bedroom units in 75 towns and cities. Half of the municipalities surveyed reported average rent increases of 10 per cent or more in 2024." https://lnkd.in/gyFq5bXm #alberta #apartment #rents

"Interprovincial migration helps fuel tight Calgary housing market as inventory falls." According to the Calgary Real Estate Board, home sales in March increased by 9.9% compared to the previous year, with interprovincial migration to Alberta playing a role in creating tight market conditions. The most notable year-over-year price gains were observed in relatively more affordable housing types like row and apartment-style homes. Ann-Marie Lurie, the chief economist at CREB, noted that market conditions in March were the tightest since 2006, coinciding with high levels of interprovincial migration during that period. Properties spent an average of 20 days on the market before being sold in March, representing a 24.3% decrease compared to the previous year. Explore our portfolio of residential rental properties across Western Canada, including our 341-unit apartment building in Calgary ✨ https://westbowcapital.ca/ // #realestateinvesting #realestatecanada #reit #markettrends #financialeducation #financialreporting #canadianfinance #westbow #investmentcanada #canadian #westerncanada #assetmanagement #propertymanagement #investwithus #chilliwack #chilliwackbc #calgarybc #sask

Calgary rent prices spike again but it's not all bad Contact me to discuss the latest scoop in real estate! #yycinvestmentproperties #yycincomeproperties #yycinvestorrealtor #legalsuites #YYC #realestateinvestor #realestateinvesting #sampondrealestate #sampond #calgaryrealtors

Why rents are so high in Calgary Contact me to discuss the latest scoop in real estate! #yycinvestmentproperties #yycincomeproperties #yycinvestorrealtor #legalsuites #YYC #realestateinvestor #realestateinvesting #sampondrealestate #sampond #calgaryrealtors

Why rents are so high in Calgary Contact me to discuss the latest scoop in real estate! #Houseforsell #realestateagent #YYCrealestate #YYCrealtor #YYC #calgaryrealtors #calgarylistings #realestateinvestor #realtor #housingmarket

Hefty rent increases forecast in Calgary through 2026 amid tight supply Contact me to discuss the latest scoop in real estate! #calgary #newhomesales #realestateinvestments #yyc #realestatetips #firsttimehomebuyer #newhomesales #calgaryrealestate #calgaryrealtors #yegrealestate