Rents on rise in Calgary’s secondary market

Liv.rent — a secondary rental market listing service — examined listings for rentals by owners in the city for March, finding rents increased month over month for both furnished and unfurnished units.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

The report also pointed to vacancy dropping to 2.9 per cent nationally as a driving factor for rising rents across Canada, including Calgary.Article content In turn, Liv.rent further added these conditions have led to higher demand for secondary rental units.

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Commercial real estate on shaky ground as industry enters a cyclical bear marketVacancy rates are rising and will continue to rise as the economy weakens, putting downward pressure on rents and top-line revenue
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