埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 1817|回复: 4

Rent crunch to worsen

[复制链接]
鲜花(0) 鸡蛋(0)
发表于 2007-11-4 20:11 | 显示全部楼层 |阅读模式
老杨团队,追求完美;客户至上,服务到位!
Sun, November 4, 2007
% u; C, H8 B0 ^* N/ V0 M0 h5 _5 T2 p" O: m9 Q3 D
Rent crunch to worsen
, @8 W- R* m! ]3 c! WVacancy rate forecasted to dip to under 1%$ a, W- B. z9 M" P* Q
, ?% B9 |" ]3 |+ T4 Q9 k- N
By KEVIN CRUSH, SUN MEDIA
0 @  H' o: S4 k7 ?1 j+ ^+ `1 S! C' B: r# ?5 J, `" B. x
Think the rental market is tight now? Just wait until next year.
8 A1 ^7 z, A* f/ P8 F* P* t. z1 t0 ~  G$ R* i. ~! w
That's when the apartment vacancy rate in Edmonton is forecasted to dip below the current 1% - making it that much harder for already frustrated renters to find a place to live. ' l! ~+ H6 l; l8 h4 @3 y, j

, j9 @$ \; m! B; p0 d5 n; k"It's just getting retarded," said Jasmine, who asked her last name not be printed. ; B4 h0 K( `- k+ K3 i$ _

2 ]3 C/ R, q( q8 @# E$ cSIX MONTHS LOOKING
, W! J5 I- p% I9 t+ E
5 A+ Q7 w6 M& q' q7 E% v; YJasmine said she's already spent more than six months trying to find a decent place for her and her fiance to rent with no luck. . [# ]* I; N3 e7 p$ W3 D0 \' J
* R) N% s( m  b  U) N; O
  3 y/ |+ x- G* ?
0 B% C) S0 G& c1 F6 M+ `7 w
For now, the couple has been living with her brother and mother in a three-bedroom government-subsidized housing unit. 9 t8 f! N* q+ C+ R8 V5 _

7 @' Q: W& {4 @4 C7 S) XThey have been scouring the city for anything - but have found nothing in their price range, around $1,100. 1 N: Y* N: c& I, i' J0 M
1 [% {8 J) n9 C* @0 V
"I graduated from college, but I'm still working two to three jobs just to supplement the rent payments," she said. ! E# U4 ~* F1 F4 }
0 w7 g: q( G* I' G* L: o' N; v
According to new numbers from the Canada Mortgage and Housing Corporation (CMHC), the apartment vacancy rate for Edmonton is a minuscule 1%.
4 y, a- t, q9 d+ x( R' i# b: y
7 B- E7 O; s. o6 {8 ~7 ~' ^The rent crunch isn't expected to get any better with the agency pegging the rate next October at just 0.8%.
, E) \1 a9 r# j! q& b- t. n/ A- q1 I
A limited supply of new rental buildings is keeping the market tight, according to the CMHC's outlook for Edmonton, released this week. Apartments being converted into condos is further keeping a stranglehold on renters. . a$ n- X- T4 T& }
& u" W7 L/ f5 ]5 `$ S: {2 }
Rates are staying high with the average rent for two-bedroom apartments at $950 a month, up from $877 a month in October 2006. 9 T; j9 o8 b4 L" e1 j

0 E  x0 M* I$ I8 s) B"With the rental rates being so high, you can only do so much," said Jasmine. , h0 N9 u1 t( l* j9 y
0 T9 d8 K  B3 Y) G$ S- i" ^( U
Making it worse, she has pets, and few places accept animals.
- M. S, p. @9 s; }+ F) g4 V
( v: _' I' d' ~, J$ ]; MMeanwhile, house sellers are facing a crunch of their own.
! p# V1 b$ A) G1 ^. X$ G& I8 L# i5 i
With a growing inventory, high prices, and wary buyers, houses can be on the market for months. The CMHC predicts listing periods will get even longer in the new year.
/ o- g5 u" d9 Q/ I# X
# z, N. E4 C. i- _: L"It's been slow," said Alana Schulte, whose Goldbar home has been up for sale since June.
' n, n8 S+ b, Z* k, W% z) q% _3 Y8 H* o0 f; `( a: O9 n$ R( q
"Shoppers are shopping around a lot more now. They're taking their time. I have had one couple who have come in four times now, but they're not in any rush to make an offer."
% I/ w7 B0 E9 W5 d- j
# b4 e. a+ k2 x' ^! \Originally listed at $450,000, in late August, she dropped her price to $400,000 to entice buyers. So far, there have been only lookers. 9 x5 i1 d6 m  W6 O0 _
( Y8 b3 u5 T2 ^' k
Schulte bought the house for $165,000 less than five years ago.
+ t' l8 p5 p8 {. Q5 c1 E9 J) A9 s+ G
0 C$ T$ w0 X) W. VHome prices skyrocketed because of investors buying up properties, said realtor Abe Hering.
, _: C2 Q/ ^3 q1 I+ O+ D
- t! P9 s5 ?" Q: [, H, Z4 h6 jINVESTORS A HUGE FACTOR
5 [. D$ G. v' n) b
) V5 H7 F' ~' [7 b" r* E"The investors were causing the market to spiral." - U* J  q7 Z; ?) `& g6 F
  w7 l# I( i# G
Those investors have left the market, leaving mostly people looking for a home to live in. + L3 P( N* Q2 C2 |4 I

4 m  c6 w9 x2 [3 O- e1 zHering said there's just not enough of them to cause a real frenzy and they're often nervous about the high prices. * t# L1 t" w' ]3 I6 {8 O
) {4 j: |* O/ y. S$ R. ^, h, G
The Edmonton Real Estate Board recently reported the average single-family home in Edmonton sold for $399,555 in September, down 1% from the previous month.
鲜花(17) 鸡蛋(0)
发表于 2007-11-5 09:42 | 显示全部楼层
现在是大家的日子都不好过:
: h# A$ K3 J' ^2 |有房的, 房子在贬值.
8 L' b& X4 |' v* e/ G; ^7 h1 c没房的, 房租在上涨.
大型搬家
鲜花(0) 鸡蛋(0)
 楼主| 发表于 2007-11-5 18:40 | 显示全部楼层
I wondered that how much the rental would be going up for just two bedroom apartment next year???
鲜花(0) 鸡蛋(0)
发表于 2007-11-5 18:44 | 显示全部楼层
老杨团队 追求完美
原帖由 水管工 于 2007-11-5 09:42 发表 + ^) b# d# [' L6 m& o- X
现在是大家的日子都不好过:& z- T$ Q7 A& P- Z
有房的, 房子在贬值. 5 H& r( Q3 P6 M' Q/ z% O
没房的, 房租在上涨.

3 Z/ }: E7 f  C" ^, S. w' {! @/ w2 V/ P& ~& [) z
待不住了,还有一个字“走”。
鲜花(0) 鸡蛋(0)
 楼主| 发表于 2007-11-6 18:29 | 显示全部楼层

回复 4楼 的帖子

Don't be sad!
您需要登录后才可以回帖 登录 | 注册

本版积分规则

联系我们|小黑屋|手机版|Archiver|埃德蒙顿中文网

GMT-7, 2026-6-10 13:51 , Processed in 0.136271 second(s), 14 queries , Gzip On, APC On.

Powered by Discuz! X3.4

Copyright © 2001-2021, Tencent Cloud.

快速回复 返回顶部 返回列表