Hope Street Reports Residential Rental Rates in Alberta to Rise in 2019

Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

Hope Street Real Estate Corporation, an industry leading tenancy management firm specializing in residential rental management releases January 2019 report on Albertas private rental markets showing increases in residential rental rates throughout the province, and decreases in residential vacancy rates.

Edmonton area private Landlords observed the greatest gain with an average increase of 21% in asking prices for rental homes over the past 5 months. The average rental rate, blended for all types of advertised homes and condos in the metro Edmonton region, was $1368 per month at the January 15th, 2019 dataset. This amount represents a 21% rise over the past 5 months as the average rental rate in September of 2018 was $1126.

Calgary area private landlords similarly have reason to be optimistic with the average rental rate, blended for all types of advertised rental homes and condos, reaching $1671 per month at the January 15th, 2019 dataset. This amount represents a 13% rise in the past 5 months as the average rental rate in September of 2018 was $1481.

Calgary and Edmontons rental vacancy rates also edged down during the sample period to 4.1% in Edmonton and 3.0% in the greater Calgary area.

According to Shamon Kureshi, Hope Streets CEO and the reports lead author,

¦Rental rates appear to be on the rise, in part due to an increase in demand thanks to increasingly strict mortgage lending rules, a bottoming out of rental market pricing, and less new rental housing coming online.

Hope Street Real Estate Corporation is an industry leading team of property management professionals serving the Edmonton, Calgary, and Vancouver markets. Hope Street has about 50 team members and directly manages the tenancies of nearly 3600 people in Albertas major centers or surrounding communities.

Read the full report for more details, commentary, and historic perspective at https://hopestreet.ca/en/news/51.

For media inquiries:

Shamon Kureshi, President & CEO
Hope Street Real Estate
24/7 mobile: 403-462-6200
[email protected]