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Hot Real Estate Canada Saskatoon Renters Hit by Increases Mar 13, 2007 - Linknet Real Estate News Saskatoon renters feeling the heat from hot rental market - The boom that has been driving the economies of Canada's western provinces has been pushing up rents in Saskatoon. According to Canada Mortgage and Housing Corporation's (CMHC) 2006 rental market report, the average monthly rent for a two-bedroom apartment in Saskatoon was $608 last year, and will likely climb to $650 this year. The rental housing vacancy rate in Saskatoon is predicted to decline to 2.5% in 2007. Many new jobs resulting from the vibrant economic growth in the west are bring a steady flow of new rental households into the city. Rental increases normally result when apartment buildings are sold to new owners. New owners make upgrades and improvements and rents must increase to cover the extra costs. Rent controls, if applied, would be legislated by the provincial government, but Saskatchewan's experience with rent controls has not been good. With rent controls developers are more likely to turn buildings into condominiums, leaving renters with even fewer available apartments to choose from. Rising rents have already hit British Columbia and Alberta Between October 2005 and October 2006, average monthly rents shot up by 19.5% in Calgary and 9.9% in Edmonton. Saskatoon city officials expect the market to work its sometimes painful magic. If rental rates go too high, renters who cannot afford the increases will move to lower priced units, and building owners will moderated their increases accordingly. Kitchener-Waterloo, Barrie will be next real estate hot spots Mar 15, 2007 - Linknet Real Estate News >> Kitchener-Waterloo, Barrie will be next real estate hot spots - While Alberta and British Columbia have grabbed most of the headlines in the recent 2006 census report, Ontario's population growth over the last five years was also very significant. Driven mainly by immigration, the population of Ontario grew 6.6% between 2001 and 2006. That compares to an increase of 10.6% in Alberta and 5.3% in B.C. And while the Calgary-Edmonton corridor is viewed as the primary economic development hot spot in Canada, Ontario has a much more diversified economy and tends not to suffer from the same economic peaks and valleys as the western provinces. Virtually all economic growth in Alberta and B.C. is tied to resource development -- especially the price of oil. This led Don R. Campbell of the Real Estate Investment Network to say "If I were to invest in the country, I'd say Barrie and the Kitchener-Waterloo region would be my two top choices." The main reason is that of the 6.6% population increase in Ontario's registered over the last 5 years, 84% of that growthtook place in Toronto and the towns and cities surrounding the city. That amounts to almost half of the entire population growth in the entire country. And of that growth in the Toronto area, only 0.9% took place in the city itself. The suburban ring around Toronto -- accounting now for more than 5 million people -- is pushing further and further out, creating new suburban hot spots. Barrie and the Kitchener-Waterloo are on the edges of the ring. They are already hot real estate markets, and are almost certainly going to get much hotter in the next few years. Canadian Home Improvement in Ottawa, Ontario and Gatineau, Quebec Service Blocks offers full service home improvement in the Ottawa, Ontario, and Gatineau, Quebec, region of Canada, including bathrooms, electrical, basements and roofing. There are many home renovation myths floating around today, but the representatives of Service Blocks will be able to explain each one for you. Visit their website today for all their fees for home renovations. If you are not in the Ottawa, Ontario, and Gatineau, Quebec area, here is a list of other Canadian home renovations available on the web. |
SBO-Linknet.com is the home of the Linknet Publishing Network. This is a growing network of active websites covering various areas of interest from Online Marketing to Golf to Personal Health and Real Estate. Shopping for CarpetApr 28, 2006 - Linknet Product News Carpet cleaning dallas texas - A Dallas based Carpet Cleaning Company providing carpet and upholstery cleaning. Investing & Investment property Tips - Real Estate Investing. Commercial Steel Buildings - All types of Steel Storage at affordable prices. Article... Shopping For Carpetby Carpet Flooring - The allure of carpet lays not only its soft and luxurious texture, but also in its ability to enhance and match any décor. It is suited to both formal and casual environments, while offering a palette of colors that cannot be found in any other flooring material.
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