Calgary

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Rental Market

Overview of renting apartments, townhomes, or houses, including key considerations like leases and tenant rights.

Sections

1. Housing Types in Calgary

Calgary offers a variety of housing options to suit different needs and budgets. Here are the main types of rental properties available:

  • Apartments/Condos: These are common in the downtown core and surrounding areas. They range from studio apartments to multi-bedroom units.
  • Houses: Detached or semi-detached homes are available for rent, often in suburban neighborhoods. These are ideal for families or those needing more space.
  • Townhouses: These are multi-level homes that share walls with neighbors, offering a balance between apartments and detached homes.
  • Basement Suites: Many homeowners rent out their basement as a separate living space. These are often more affordable but may have limited natural light.
  • Shared Accommodation: Renting a room in a shared house or apartment is a popular option for students or those on a budget.

2. Average Rental Costs (2023)

Rental prices in Calgary vary depending on the type of property, location, and amenities. Below are approximate monthly rental costs:

  • Studio Apartment: CAD 1,200โ€“1,400
  • 1-Bedroom Apartment: CAD 1,400โ€“1,800
  • 2-Bedroom Apartment: CAD 1,800โ€“2,400
  • 3-Bedroom Apartment: CAD 2,400โ€“3,000
  • Townhouses: CAD 2,000โ€“3,500 (depending on size and location)
  • Detached Houses: CAD 2,500โ€“4,500 (depending on size and neighborhood)
  • Basement Suites: CAD 900โ€“1,500
  • Shared Rooms: CAD 600โ€“1,000

Note: Rental prices are generally higher in the downtown core and trendy neighborhoods like Beltline or Kensington, while suburban areas like Tuscany or Evanston are more affordable.


3. Neighborhoods to Consider

Calgary is divided into quadrants (NW, NE, SW, SE), and each has its own character. Here are some popular neighborhoods:

For Young Professionals and Singles:

  • Beltline: Close to downtown, vibrant nightlife, trendy restaurants, and walkable.
  • Kensington: A hip area with boutique shops, cafes, and easy access to downtown.
  • Mission/Cliff Bungalow: Known for its riverside pathways, restaurants, and proximity to downtown.

For Families:

  • Tuscany (NW): Family-friendly, good schools, and access to parks.
  • Evanston (NW): A newer suburban area with affordable housing and family amenities.
  • Lake Bonavista (SE): Offers lake access, larger homes, and a strong community vibe.

For Students:

  • Brentwood (NW): Close to the University of Calgary and affordable housing options.
  • Varsity (NW): Another student-friendly area with good transit connections.
  • Sunalta (SW): Affordable apartments and proximity to downtown.

For Luxury Living:

  • Aspen Woods (SW): Upscale homes and townhouses, close to nature.
  • Mount Royal (SW): Prestigious area with luxury homes and proximity to downtown.

4. The Process for Renting a Place

Renting in Calgary involves several steps. Hereโ€™s a breakdown:

Step 1: Search for Rentals

  • Use online platforms like RentFaster.ca, Kijiji, PadMapper, or Facebook Marketplace.
  • Check local property management companies for listings.
  • Drive around neighborhoods to spot "For Rent" signs.

Step 2: Contact the Landlord

  • Reach out via email or phone to inquire about the property.
  • Be prepared to provide basic information about yourself (e.g., employment status, number of occupants).

Step 3: View the Property

  • Schedule a viewing to inspect the property in person.
  • Check for issues like cleanliness, functionality of appliances, and safety features (e.g., smoke detectors).

Step 4: Submit an Application

  • Fill out a rental application form, which typically requires:
    • Proof of income (e.g., pay stubs, employment letter)
    • References (e.g., previous landlords or employers)
    • Credit check (some landlords may request this)

Step 5: Sign the Lease

  • Review the lease agreement carefully. Key details include:
    • Rent amount and due date
    • Security deposit (usually one monthโ€™s rent)
    • Lease term (e.g., month-to-month, 6 months, 1 year)
    • Rules about pets, smoking, and subletting
  • Pay the security deposit and first monthโ€™s rent to secure the property.

5. Local Rental Regulations

Calgary follows Albertaโ€™s Residential Tenancies Act (RTA), which protects both tenants and landlords. Key points to know:

  • Security Deposit: Cannot exceed one monthโ€™s rent. Must be returned within 10 days of moving out, minus any deductions for damages.
  • Rent Increases: Allowed only once every 12 months and must provide 3 monthsโ€™ written notice.
  • Notice to Vacate:
    • Tenants must give 30 daysโ€™ notice for month-to-month leases.
    • Landlords must provide proper notice for eviction (e.g., 14 days for non-payment of rent).
  • Maintenance: Landlords are responsible for maintaining the property in a safe and livable condition.
  • Dispute Resolution: The Residential Tenancy Dispute Resolution Service (RTDRS) can help resolve disputes between tenants and landlords.

6. Practical Tips for Renting in Calgary

  • Budget for Utilities: Some rentals include utilities (heat, water, electricity), while others donโ€™t. On average, utilities cost CAD 150โ€“300/month for a small apartment.
  • Public Transit: If you donโ€™t have a car, consider neighborhoods with good access to Calgary Transit (buses and C-Train).
  • Winter Considerations: Calgary winters can be harsh. Look for properties with good heating and snow removal services.
  • Pet Policies: Many rentals have restrictions on pets. If you have a pet, search specifically for pet-friendly properties.
  • Insurance: Tenant insurance is not mandatory but highly recommended. It typically costs CAD 15โ€“30/month and covers your belongings in case of theft, fire, or water damage.

7. Cultural Insights

  • Punctuality: Be on time for viewings and meetings with landlords.
  • Politeness: Canadians value politeness and respect. Maintain a friendly and professional demeanor.
  • Diversity: Calgary is a multicultural city, so youโ€™ll find a mix of cultures and cuisines in different neighborhoods.
  • Community Spirit: Many neighborhoods have active community associations that organize events and activities.

8. Resources for Newcomers

  • Calgary Housing Company (CHC): Offers affordable housing options for low-income individuals and families.
  • Immigrant Services Calgary: Provides support for newcomers, including housing assistance.
  • City of Calgary Website: Offers information on neighborhoods, public transit, and city services.

By understanding the rental market and following these steps, youโ€™ll be well-prepared to find a comfortable and suitable home in Calgary. Let me know if you need further assistance!