With the rental market tightening, now is a good...

With the rental market in Calgary tightening and costs going up, it could be good news for home sellers and a great time to buy a home as well. Several factors are playing into the increasingly tight rental situation in our city, including displaced flood victims and post-secondary students returning. According to CMHC, rental vacancy in Calgary is at a mere 1%, making it the lowest in the country. Naturally, the demand for rental space is driving the cost to rent even higher, so what does that mean for the marketplace? Well, with thousands of Calgarians still displaced from their flood-damaged homes, it’s becoming a…