Average monthly residential rents down in April as COVID-19 impact hits

Calgary finished 23rd in Canada for average monthly rent in April for a one-bedroom at $1,156 and 24th for average monthly rent for a two-bedroom at $1,346

Average monthly residential rents down in April as COVID-19 impact hitsAverage monthly rents were down in April over March in Toronto, Vancouver, Calgary and Ottawa, according to Rentals.ca and Bullpen Research & Consulting which produced the monthly National Rent Report. Also, rental apartments and condo apartments listed on Rentals.ca were down 3.2 per cent and 4.6 per cent respectively month over month, even though average rents in Canada were unchanged in April over March at…

Calgary-based Avenue Living collects 93% of April residential rent

Avenue Living owns and operates about 10,000 residential units with about 20,000 residents in 19 markets across Alberta, Saskatchewan and Manitoba

Calgary-based Avenue Living collects 93% of April residential rentCalgary-based Avenue Living, with residential rental properties across the Prairies, has managed to collect 93 per cent of its April rent despite the economic challenges brought on by the COVID-19 (coronavirus) pandemic. “We have been in constant communication with our residents since the beginning of this crisis, working with them on any financial challenges they…

Renters to feel the money squeeze from coronavirus

Twenty-four per cent of the total, or 830,000 households, don't have enough income to get through a single week without pay

Renters to feel the money squeeze from coronavirusClose to half of working renters in Canada don't have enough savings to pay their bills for more than a month if they lose their jobs, according to a new analysis by the Canadian Centre for Policy Alternatives (CCPA) which was released on Monday. "As more Canadians lose their incomes to COVID-19 every day, hundreds…

Revived economy to drive up rents in Calgary, Edmonton

As more Albertans find jobs and supply tightens, rental rates will, on average rise about three per cent in Calgary and Edmonton

Revived economy to drive up rents in Calgary, EdmontonRental accommodation is going to be harder to find and more expensive as the economies of Alberta’s two largest cities continue to recover this year, according to a national rental predictions report. Housing experts surveyed in the Rentals.ca and Bullpen Research & Consulting’s December National Rent Report say that as Alberta continues to climb out of…
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