Lets talk about the Calgary home rental market
Man, I have never seen the rental market like this in my life. Rental prices are sky rocketing and there is very high demand and low rental units available.
Had a basement suite put for rent last night and there were literally over 100 emails and phone calls in less than 24 hours. A lot were folks coming from out of province (mostly Quebec).
Did about 10 showings and about 8 of them wanted it and one even offered to pay more once he saw how many people were waiting to see it.
Just 2 years ago I rented the same basement for $700 and had problems finding people to even look at it. Now 8 people wanted it for $1000. A basement suite in Forest Lawn that's not even in great shape.
What is going on in Calgary?
|