More Calgary property investors are turning to short-term rentals even as demand increases for long-term tenancies

A growing number of property investors in Calgary are turning to short-term rentals despite increased demand for long-term tenancies.

At the same time, the added pressure of higher interest rates and inflation on potential buyers has created a tight rental market in Calgary, said Ray Wong, vice-president of data operations at Altus Group. In July, the average rent of a one-bedroom unit in Calgary was 27-per-cent higher than a year earlier, the second largest increase recorded in Rentals.ca’s national rent ranking.

Duncan Haldane, co-owner of Your Key, a short-term rental management company based in Calgary, said short-term rentals offer property owners a higher rate of return, among other benefits, than long-term rentals.

Fkn parasires. Ban Airbnb.

Property investors? leeches of worst kind, Even in Switzerland (far more businesslike than you) speculation with homes is not allowed. They have a tax system that discourages speculation as as if banned. You sell aft 1 yr,. tax 99% on gain. 2d yr., 95% and so on.

How to de-populate your downtown 101, read halifax.

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