埃德蒙顿华人社区-Edmonton China

 找回密码
 注册
查看: 1589|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
2 U! c* `6 {/ h8 B' V0 @( Z0 {( T. O/ S1 }, v! S7 a7 _4 m! x- \
Rent crunch to worsen
, a, r* n  ^! s; ]# F) AVacancy rate forecasted to dip to under 1%5 {& f. V) S: u7 j! H3 K- \
. M9 B" C& x8 b5 `/ G" B; y. p) Y
By KEVIN CRUSH, SUN MEDIA
0 ~* x3 `, o1 O0 @5 j% ~" P! R% ~6 |8 I) F
Think the rental market is tight now? Just wait until next year. ; S$ Q  D: T5 f/ y( _" W; `) G4 s

% x8 d7 |' T$ z' tThat'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. * f, I, @* A; T5 d( |# n# G7 V9 ~
' T' |( T  ]9 ^9 H% |2 M9 M
"It's just getting retarded," said Jasmine, who asked her last name not be printed.
9 \( A  s1 B( z3 j( \2 c6 j( t% g, {+ b7 }- {; r
SIX MONTHS LOOKING 0 R# e* m4 W* R/ N. }7 i7 W, ]- j
! I. @3 E9 q3 }; B$ G- P* p
Jasmine 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. 1 E7 ]: r# y+ P9 z, ^% l7 T

+ D& o$ X3 ]5 `! _0 k7 z  
+ {8 d. X% |" I8 d) e
0 P% J8 [" V1 |, }3 S0 ?' uFor now, the couple has been living with her brother and mother in a three-bedroom government-subsidized housing unit.
% o+ b, K! C: G3 d# e3 S$ S, R) G( e2 Y  G& V1 r
They have been scouring the city for anything - but have found nothing in their price range, around $1,100. & @. y3 |7 \$ o3 o/ ~, H+ _3 v0 ]. y

( |. @1 {) m  M( l- a/ O: D5 T% ?"I graduated from college, but I'm still working two to three jobs just to supplement the rent payments," she said.
% Y0 j, x  k5 f% r# p" {0 Y, S; m8 A4 \& c+ F6 U; |
According to new numbers from the Canada Mortgage and Housing Corporation (CMHC), the apartment vacancy rate for Edmonton is a minuscule 1%. ) Y7 E9 x+ x9 @( @! q1 Z( Z
6 g& h: b# M+ @2 I3 Z
The rent crunch isn't expected to get any better with the agency pegging the rate next October at just 0.8%.
/ @  c: J3 U/ _& `( o: j3 s% S7 U3 t* h% |# l1 a6 b8 b, o# |2 R
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.
+ n1 g& O, w. z( k* [, S' p
7 g6 z1 [3 d6 zRates are staying high with the average rent for two-bedroom apartments at $950 a month, up from $877 a month in October 2006. : ?  y8 _5 P; p

3 R$ O3 C, C* g' U3 i( p( q5 s"With the rental rates being so high, you can only do so much," said Jasmine.
/ R6 n+ x% c0 i! t; B1 s5 D) s+ u6 G# ?9 {
Making it worse, she has pets, and few places accept animals. 7 K8 x& t5 j& y" p( n% p
+ ?) W! Q7 C1 L
Meanwhile, house sellers are facing a crunch of their own.
1 k) B$ {' b" _- `2 X& i, C! f! F- P$ c/ l4 {8 l  S7 D
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.
2 o/ U+ F+ i. b
  n+ [) Q3 \. \# S& n0 t"It's been slow," said Alana Schulte, whose Goldbar home has been up for sale since June. 5 J8 B7 X) J* ]9 k' e/ S' ^# e9 H

5 s2 l$ ?' h. o* E"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."
! N7 L  S) b, Q# J
' E. K& f$ E7 P! i' w3 d8 FOriginally listed at $450,000, in late August, she dropped her price to $400,000 to entice buyers. So far, there have been only lookers. 3 \4 n8 j& g! Y  P

( {' P. i  \; H0 ]" t# G) P6 KSchulte bought the house for $165,000 less than five years ago.
) d4 |" A( Z% ]9 x/ h
, ^- W. w% ?. B1 @% Y1 hHome prices skyrocketed because of investors buying up properties, said realtor Abe Hering. # `8 k% p% j1 l$ i" l, l

" v! @. {4 l8 s9 G& sINVESTORS A HUGE FACTOR & N& G1 B5 b: G# N  ~2 p9 x8 o

& i5 V6 ?/ k' k# B5 a' N"The investors were causing the market to spiral."
) t! E; \3 K. h
( w6 ~% b% l( b) t, ^0 cThose investors have left the market, leaving mostly people looking for a home to live in. 9 C3 N  N9 o# N
" M5 M) e1 D/ @
Hering said there's just not enough of them to cause a real frenzy and they're often nervous about the high prices.
+ ^1 d( W  K4 a& J3 W( B
: b( K- P, @2 M) zThe Edmonton Real Estate Board recently reported the average single-family home in Edmonton sold for $399,555 in September, down 1% from the previous month.
理袁律师事务所
鲜花(17) 鸡蛋(0)
发表于 2007-11-5 09:42 | 显示全部楼层
现在是大家的日子都不好过:
3 X! r) I4 Z* T. C8 A( ~. c$ `) ?( d有房的, 房子在贬值.
7 d& f8 V% p2 _' W' u- B没房的, 房租在上涨.
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
: m* y8 g6 a( k& F, H$ c9 M现在是大家的日子都不好过:
+ D5 m8 A0 ]' a( O0 A; w% P3 T有房的, 房子在贬值.
4 a; S' Q. v. c9 [; v) O6 R没房的, 房租在上涨.
8 D& V* ~# j7 v2 m( o

& g! F+ }0 ^: v4 A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, 2025-7-24 07:27 , Processed in 0.174916 second(s), 13 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