With all the headlines out there like: (Edmonton Sun Saturday Nov 3 2007 'Rental market getting Retarded') Think the rental market is tight now? Just wait until next year.
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.
“It’s just getting retarded,” said Jasmine, who asked her last name not be printed.
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.
For now, the couple has been living with her brother and mother in a three-bedroom government-subsidized housing unit.
They have been scouring the city for anything – but have found nothing in their price range, around $1,100.
“I graduated from college but I’m still working two to three jobs just to supplement the rent payments,” she said. Read the full article here.
One might think there is nowhere to live in Edmonton. There are plenty of apartments and houses to rent in Edmonton. Too bad media writers do not consult Edmonton landlords before writing articles. Especially ones as poorly titled as the Sun Article. Even a quick look in the Edmonton Journal classifieds would be enough to convince anyone of the great diversity of rental housing available in Edmonton.
The number of people looking for housing has drastically fallen off compared to summer 2007. Only the hard to house ie: with pets and smokers are having a hard time.
Landlords are mitigating their losses by being selective in renting to people that will be causing less damage to rental units.
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