Renderings of Courtyard 33, a a 56-unit rental project in the inner-city Calgary community of Marda Loop by developer RNDSQR.Calgary’s housing market used to be rock solid, built on a firm foundation, but tectonic shifts are changing the way people choose to live.
“If you think about who I think is probably our highest demographic – Gen Z-ers and Millennials – it’s a lifestyle shift,” he says. There’s no stigma to renting in New York, Paris or London, where high property prices mean home ownership is only for the few.However, the purchase price of homes isn’t the only reason for the shift in attitudes.
“One of the interesting things about this generation is that they’re growing up in a relatively volatile economic setting,” Mr. Devani says. “I actually just think they’re making smarter investment choices, they’re being smarter with their money, especially with volatile markets in volatile times.” Included in the apartment rent will be access to neighbourhood amenities such as a coffee shop, craft-beer seller, high-end ice-cream outlet, a fitness facility or a yoga studio. This aims to meet the lifestyle desires of residents as well as increasing engagement with the community.
When the economy tanks you have to sell your house, then realestate agents buy them up and rent them out. Thanks liberal_party
We rent in Montreal. In our apartment for 9 years now. Instead of buying, we invest the equivalent of a house payment each and every month. Currently looking at buying a reasonably priced oceanfront home in NL for retirement.
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