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Edmonton Landlords: Vacancy Rate

December 18th, 2013 · No Comments · Edmonton landlords, Vacancy Rate

 Edmonton landlords property management

Tenants Keep Complaining About How Expensive Edmonton Rentals Are and The Media Keeps Promoting Their Claims

Edmonton landlords know the important of good tenant screening and choosing only good tenants.

After all, landlords here know what the results can be if you don’t screen carefully.

In past years we used to look at Ontario as the bastion of bad tenants and a crazy system that empowered bad tenants.

Unfortunately in 2013 we can see similar things happening in British Columbia…and even lots of bad tenant craziness in Calgary.

Low Vacancy Rates in Edmonton

According to a report on Global News tenants are complaining about how tough it is to rent an apartment in Edmonton.

The report quotes tenant Mike Enders

Enders says it’s very tough to rent an apartment in Edmonton after he returned from a year of living in Vancouver.

He said many of the available apartments had bed bugs and even then wanted over $1,300 per month for only one bedroom.

Of course, Enders didn’t explain how he knew these apartments had bed bugs and Global news didn’t follow up on whether or not Enders was telling the truth.

CMHC Statistics

The latest statistics from the Canada Mortgage and Housing Corporation (CMHC) shows the vacancy rate in Edmonton is sitting at 1.4 per cent, compared to 1.7 per cent in October, 2012.

Here is what the CMHC says:

When it comes to apartment vacancy rates in major cities across Canada, the only city with a lower vacancy rate than Edmonton is Calgary, which has a vacancy rate of one per cent. (See page two of the report posted below)

The CMHC says employment growth and elevated levels of migration have supported increased rental demand in 2013, contributing to the decline in vacancy.

Edmonton Landlords Are Simply Being Careful Who They Rent To

We’ve seen lots of horror stories in 2013 about renters abusing the system in Calgary and and giving landlords lots of problems.

Where is the media when it comes to Edmonton landlords who have invested thousands of dollars to buy their rental properties.

After all, house prices aren’t cheap.

Who are these tenants struggling to find a rental property?

Smart Landlords Do Careful Tenant Screening

Edmonton landlords are careful who they rent to.

Good tenants are welcome.

Tenants with previous histories of eviction, bad credit ratings clearing showing they have cheated past creditors, and those who don’t appreciate our investment properties should look to government housing.

As the Beatles sang “go back to where you once belonged.

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