properties in Calgary
has increased due to greater supply of new homes.
Data from the latest census shows 12,526 vacant dwelling units, 3,211 more than a year ago. The vacancy rate is 2.6 per cent compared to 2.01 per cent in 2014.
There are also 12,998 units being built in Calgary
, up 4,125 from last year.
Rent increases have eased as a result of the better supply levels.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Zehner, White Bear, St. Marys, Norris Point, West Berlin
The vacancy rate of rental