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City

Select a City: No Preference Airdrie Black Diamond Bragg Creek Calgary Cochrane Heritage Pointe Okotoks Out of Province Priddis Priddis Greens Rural Foothills M.D. Rural Rocky View MD Choose a property type: Single Family Condo / Townhouse Rural

What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

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Subdivision

Enter a Subdivision:

Choose a property type: Single Family Condo / Townhouse Rural

What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

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Quadrant

Select a Quadrant: No Preference NW SW SE NE Choose a property type: Single Family Condo / Townhouse Rural

What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

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Address

Search Street Address: Choose a property type: Single Family Condo / Townhouse Rural

What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

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MLS®

Enter MLS® Number: MLS® Number: MLS® Number: MLS® Number:

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Map

Select a Starting Point: No Preference Abbeydale Acadia Albert Park Altadore_river Park Applewood Arbour Lake Aspen Woods Banff Trail Bankview Bayview Beddington Bel Aire Bowness Braeside_braesde Est Brentwood_calg Briar Hill Bridgeland Bridlewood Britannia Cambrian Heights Canyon Mdws Estates Canyon Meadows Capitol Hill Castleridge Cedarbrae Cfb Lincoln Park Chaparral Charleswood Chinook Park Christie Park Estate Citadel Cliff Bungalow Coach Hill Collingwood Connaught Copperfield Coral Springs Cougar Ridge Country Hills Country Hills Village Coventry Hills Cranston Crescent Heights Crestmont Dalhousie Deer Ridge Deer Run Diamond Cove Discovery Ridge Douglas Rdg_dglsdale Douglasdale Estates Douglasglen Dover Dover Glen Downtown Downtown East Village Downtown West End Eagle Ridge East Mayland Heights Eau Claire Edgemont Elbow Park_glencoe Elboya Erinwoods Erlton Evanston Evergreen Fairview Falconridge Fonda Forest Heights Forest Lawn Glamorgan Glenbrook Glendle_glendle Mdws Greenview Hamptons Harvest Hills Hawkwood Haysboro Hidden Valley Highfield Highland Park Highwood Hillhurst Huntington Hills Inglewood Kelvin Grove Killarney_glengarry Kingsland Lake Bonavista Lakeview Lakeview Village Lincoln Park Lk Bonavista Downs Lk Bonavista Estates Lower Mount Royal Lynnwood_riverglen Macewan Glen Manchester Maple Ridge Marlborough Marlborough Park Martindale Mayfair Mayland Heights Mckenzie Lake Mckenzie Towne Meadowlark Park Midnapore Millrise Mission Monterey Park Montgomery Mount Pleasant Mount Royal New Brighton North Glenmore North Haven Oakridge Oakridge Estates Ogden_lynnwd_millcan Palliser Panorama Hills Parkdale Parkhill_stanley Prk Parkland Penbrooke Pineridge Point Mckay Prominence_patterson Pump Hill Queensland Radisson Heights Ramsay Ranchlands Ranchlands Estates Redcarpet_mountview Renfrew_regal Terrace Richmond Hill Richmond Park_knobhl Rideau Park Riverbend Rocky Ridge Ranch Rosedale Rosemont Rosscarrock Roxboro Royal Oak Rundle Rutland Park Saddleridge Sandstone Scarboro Scenic Acres Shaganappi Shawnee Slps_evergreen Est Shawnessy Signature Parke Signl Hll_sienna Hll Silver Springs Somerset South Calgary Southview Southwood Springbank Hill Spruce Cliff St Andrews Heights Strathcona Park Sunalta Sundance Sunnyside Symons Valley Taradale Temple The Slopes Thorncliffe Tuscany Tuxedo University Heights Upper Scarboro Valley Ridge Varsity Acres Varsity Village Victoria Park Vista Heights West Dover West Hillhurst West Springs Westgate Whitehorn Wildwood Willow Park Willow Park Estates Windsor Park Winston Heights_mountview Woodbine Woodlands Choose a property type: Single Family Condo / Townhouse Rural

What is your price range? No Minimum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000 No Maximum $100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000 $475,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 $2,000,000 $2,250,000 $2,500,000 $2,750,000 $3,000,000 $3,250,000 $3,500,000 $3,750,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 $9,500,000 $10,000,000

Number of rooms required? Beds 1 2 3 4 5 6 7 8+ Baths 1 2 3 4 5 6 7 8+

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Calgary Real Estate Rental Rates

Calgary Real Estate Rental Rates; Among the Highest in Canada

 Falling behind only Vancouver, Calgary’s real estate rental rates are the 2nd highest in Canada. Average rents for a two-bedroom unit were just below $1,100, down $48 from the previous year.

We can expect these rates to drop a little further (but still remain in second place nationally) in the Calgary real estate rental market due to an increase in vacancies. The vacancy rate in the Calgary rental market climbed to 5.3% which is higher than the provinces average of 5.5% (a 3% increase from last year). Alberta isn’t the only one; eight out of ten Canadian provinces have experienced an increase in vacancy rates in October 2009.

So what does this vacancy jump mean for potential buyers and home owners as investors in the Calgary real estate market? Not as much as one would think! The major contributor to the vacancy is the large amount of buyers getting into Calgary real estate while the interest rates are low and houses are so inexpensive. We can also attribute some of the vacancies to the proximity and westward move of many people trying to get to the Olympics.

When the Vancouver Winter Games are over in February, there will be a large influx of renters returning to Calgary to fill up all the units in the Calgary real estate rental market. With the interest rates possibly staying low for the first quarter (even the worriers say we won’t see a jump until the second quarter) buying will remain stable and rental units will be gobbled up.

If you want to get into the Calgary real estate market as an investor, now is the time.

Jim Sparrow sells Calgary Real Estate with Royal LePage Calgary & specializes in South Calgary estate and luxury homes. Visit our website Calgary Luxury Real Estate our blog Calgary Real Estate Blog or page me directly at Royal LePage Solutions 403.252.5900

 

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