The rental market in Calgary continues to be tight, and it’s pushing rental prices even higher. With how expensive rent is in our city, and the low vacancies, homeownership is becoming a better option for more and more Calgarians.
According to recent numbers released by CMHC, the rental vacancy rate in Calgary is 1.8%, which is even lower than the same period last year. Due to the low vacancy rate, rental rates are pushed up 5.5%.
In many cases, homeownership is the more affordable route for those seeking a place to live, and we already know that real estate is a good investment when you’re building equity (especially with our hot market conditions). So what is holding you back from homeownership?
If you have any concerns about homeownership or are looking to find out the perks of homebuying, you can download a copy of my e-book, “7 Steps to Stop Renting and Own a Home of Your Own Instead”.
You can download the e-book online here, or feel free to contact me or tweet me anytime with questions.