With both the amount of vacancies as well as monthly rental rates rising in Calgary, securing the right property management company is more important than ever to ensure you get the most out of your investment. Fortunately, Mountain Park Real Estate has the experience required to address the many challenges of property management, including fillingRead More

In recent months, Alberta has experienced a dramatic decline in oil prices, raising concerns for housing and employment in Alberta as 2014

Last Wednesday, the Bank of Canada announced that they would not be adjusting their prime lending rate and that the prime lending rate would remain at 3%. This will have a direct impact on any variable rate mortgage(s), secured line(s) of credit, or personal line(s) of credit that you may have. CPI (Consumer Price Index) inflationRead More

Calgary’s rental and investment property market is one of low vacancy and prices that, compared with other cities in Canada, are higher than average. Yet, one thing that many renters may not believe is that Calgary’s, and to a larger extent Alberta’s, rental prices are in line with average prices for consumer goods and theRead More

Calgary’s real estate market is currently in a positive trend regarding overall property purchase numbers, with record setting sales amounts and prices filling a strong first quarter of 2014. Multiple factors can be attributed to the high demand, low supply market, although the key three factors driving the trend are economic stability, high migration ratesRead More

Supply vs Demand One issue facing Calgary’s housing and rental market is the fact that in the current environment, demand far outstrips supply. It is not unusual for a single property, even in an “undesirable” location, to attract multiple bids at, or even sometimes above, listing price. This can be attributed to the high medianRead More

Current Situation Low availability of housing in Calgary, paired with high demand for ownership, continue to push new and previously owned housing prices upwards, and create a high pressure market. While there is a solid trend towards small property ownership, with nearly 20% of current 2014 purchased being condominiums or townhouses, the housing market demandRead More

Calgary is a diverse and vibrant city, with a wide array of possibilities for the individual or group looking to start property investment. There are three important questions, however, that the prospective investor should ask before looking into Calgary investment properties. Choosing Your Investment Property’s Location The largest part of any investment is attracting theRead More

Calgary, March 3, 2014 – Following double digit gains last month, sales growth in the city of Calgary totaled 1,854 units, or an 8.68 per cent increase over the same period in 2013. Slower sales growth resulted in a reduction of listings in the single family sector. However, single family sales still totaled 1,230 units,Read More

Calgary’s vacancy rate is one per cent while Edmonton’s is 1.4 per cent. http://www.calgaryherald.com/business/Calgary+Edmonton+have+lowest+rental+vacancy+rates+Canada/9503560/story.html