Real Estate Blog - Renting

Renegotiating Your Lease

Many leases on suites across the city end this month, prompting listings to rise for rental units. This is a great time for this to be happening because Calgary is currently in a buyer’s market. This means that buyers (or renters, in this case) can be more selective since there is a lot on the market but not a lot of demand.

In this buyer’s market, renters have the upper hand. If you are renting and your lease ends soon, it is time to take a look at your lease and evaluate if you are happy with it remaining unchanged for another length of time. For those of you unhappy with the current agreement, now is your time to negotiate.

The first thing to consider before attempting a negotiation is that even though the market favours renters right now, there…

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2 Tips for Landlords

The Calgary real estate market has been suffering ever since the fall of oil last January. While the economy has been slowly regaining its footing, the housing market continues to be seriously affected. With so many job loses, people are leaving the city, leading to high inventory levels. These inventory levels have not significantly affected pricing of homes as stubborn sellers hold onto hope that the market will turn back in their favour. This leads to high prices and high vacancy rates.

These market conditions put landlords in a tough situation, as many are left with great properties that are going unrented. So, what can be done when vacancy rates continue to rise? There are two major things you need to do: you need to be tough on yourself and you…

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Roommate Wanted

Having a roommate is an adventure.

Many people end up becoming the best of friends with their roommates, creating a friendship that can last a lifetime. If you get along well with the person sharing a space with you, it makes living with them so much easier! There will always be things you don’t always agree on, but it is always nice to come home to a friend.

On the other hand, having a roommate could be a nightmare. If you don’t get along well with the person you are living in close proximity to, it can make for a world of miscommunication, purposeful negligence, and passive-aggressiveness that makes home less welcoming than it ought to be.

Since none of us are big fans of the later happening, we want to make sure that your situation falls…

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To Rent Or To Buy: The Great Choice

There are many factors to be considered when deciding to move with the first critical decision being whether to purchase some property or rent. Depending upon your circumstances, it may either be a clear-cut decision or one that requires a more thorough analysis to make that determination.

Factors to Consider

Career – For some individuals, it may not be practical to purchase property if their career will require them to relocate frequently. Although some people have the resources and inclination to accumulate property each time they move, for most of us that is either not an option or would be an undesirable outcome to find ourselves in the role of landlord. For the majority of us, that means we need to sell property each time we move, so careful…

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