Vacant Apartments in Calgary for the Lake Shore Housemates
There has been rapid setting up of new apartments in Calgary. This comes when the rate of unemployment is rising exponentially leaving a number of rental apartments vacant. Reports indicate that approximately 2,500 apartments were vacated in the month of October 2015 only. This raised figures to a rate of seven point five percent vacancy rate. In total, Calgary had 36,500 apartments by October 2015 compared to the 2014 figures which stood at around 34,200. The rate of construction is tied with the low oil prices sparking the rate of unemployment.
Increased number of vacant houses in Calgary has significantly reduced the cost of rental apartments representing an average of thirty percent drop from 2014. Tenants have also had so many choices to make due to the plentiful houses. This situation forced apartment owners to use more innovative ways like offering incentives and cutting on cost. A big blow swept up apartment owners when real estate investors began renting their condos in more profitable markets thus offering tenants with a wider variety of options. However, even though there were plenty of rooms to choose from, there are some things that tenants need to consider before settling on an apartment to live. There is need to the availability of good schools for children as well as a playing ground. The grocery or a shopping center should also be reachable by all means.
The neighborhood should also be considered. If they are the noisy kind of neighbors, then there is no need to stay in such an area even if the cost of living is low. There should be enough parking lot and security so that in case you have motor vehicle you can be rest assured that it is in a safe area. There should be a security center around so that even if you get home late night it is safe for you. Additionally, your budget matters a lot. You should be able to know what you are willing to pay as rent. Economists argue that rental bills are not supposed to exceed thirty percent of your monthly salary so as not to miss out on other bills and savings.
Once all these are put in place, you are good to occupy a vacant apartment in Calgary. No one would like to live in a place where he or she will be complaining all the time. On the other hand, increased rate of employment will reduce the number of vacant rooms in Calgary.