TORONTO — On the hunt for a rental home in Calgary over the last six weeks, Marissa Giesinger and her boyfriend trawled through listings morning, noon and night, only to find most come along with dozens of applications and a steep price tag. As an added difficulty, many landlords are unwelcoming to the couple's brood — dogs Kado and Rosco and a cat named Jester.
"What this does is create such a burden on this rental housing market that even though we're out of the summer rental season, there's so much demand that going to continue like this until the fall and into the winter," he said. Rentals.ca data show newly listed one-bedroom properties in Calgary priced at an average $1,728 per month in August, up 21.6 per cent from a year earlier. Two-bedroom homes have climbed 17.4 per cent to $2,150 over the same period.
It's numbers like these that have convinced Kanishka Punjabi to abandon her hopes of moving in the near term.The public relations worker has been living in Mississauga, Ont., but felt it was time to find a home in downtown or midtown Toronto, closer to where she works.
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Hot rental market makes search 'stressful' for many — and it won't get better soonTORONTO — On the hunt for a rental home in Calgary over the last six weeks, Marissa Giesinger and her boyfriend trawled through listings morning, noon and night, only to find most come along with dozens of applications and a steep price tag.
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Hot rental market makes search 'stressful' for many — and it won't get better soonTORONTO — On the hunt for a rental home in Calgary over the last six weeks, Marissa Giesinger and her boyfriend trawled through listings morning, noon and night, only to find most come along with dozens of applications and a steep price tag. As an added difficulty, many landlords are unwelcoming to the couple's brood — dogs Kado and Rosco and a cat named Jester. 'We made the tough decision recently to house our dogs with someone else until we can find a place that's affordable and we can take bo
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Hot rental market makes search 'stressful' for many -- and it won't get better soonThe competitive rental market across the country is seeing multiple factors combine: high interest rates deter buyers and add to rental demand, still-high inflation is squeezing renter budgets, there's an undersupply of purpose-built rental units and population growth is fuelling demand.
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Rental search in hot market causing stress for many: ‘There’s just not enough’Giacomo Ladas, communications director for Rentals.ca, says the difficulties in the current rental market across the country aren't likely to ease up soon.
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