What are the monthly costs I should consider when renting in Calgary?

When renting in Calgary, consider monthly rent, utilities (around $ 150 CAD), internet ($60-$ 80 CAD), renter’s insurance ($20-$ 30 CAD), and depending on your agreement, possibly property taxes or condo fees. Parking might also incur extra costs. It's crucial to discuss these details with your landlord to understand the full scope of your monthly financial commitments.

What are typical upfront fees and costs when renting in Calgary?

In Calgary, typical upfront fees for renting include the first month's rent, a security deposit (up to one month's rent), and sometimes a pet deposit if applicable. Additionally, application or credit check fees may apply, usually ranging from $25 to $ 100 CAD. It's important to confirm all potential fees with your landlord or property manager before signing a lease agreement.

What is the typical lease agreement duration in city of Calgary?

The typical lease agreement duration for residential properties in Calgary ranges from 6 to 12 months. Many landlords prefer a 12-month lease to ensure stability, but some may offer 6-month options or even month-to-month leases depending on the property and situation. It's important to discuss lease length preferences directly with the landlord or property management.

Do I need to pay a security deposit when renting in city of Calgary?

In Calgary, whether you need to pay a security deposit when renting depends on your landlord or rental agency's policy. Generally, a security deposit equivalent to one month's rent is common. This amount should not exceed one month's rent for a security deposit, per Alberta's Residential Tenancies Act. For more specific guidelines, check the legislation or consult directly with your landlord.

How does the rental market in Calgary compare to other regions in Canada?

Calgary's rental market, with an average rent of around $ 1,450 CAD for a one-bedroom apartment, offers more affordable options compared to Vancouver and Toronto, where average rents hover around $ 2,500 CAD and $ 2,250 CAD respectively. However, Calgary's market is tighter with a lower vacancy rate of 3.9% compared to Montreal's more relaxed 6.6%.

What is the process of renting a property in city of Calgary?

To rent a property in Calgary, Alberta, search online listings or contact a local realtor. Upon finding a suitable property, fill out an application, provide necessary documents like income proof, agree on terms, and sign a lease. Consider paying a security deposit equal to one month's rent. For guidelines, visit the City of Calgary website: http://www.calgary.ca.

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Calgary Place Apartments

T2P 2A6, Calgary, Alberta

1 bedroom
1 bathroom
492 sqft
Apartment

Thank you for your interest. We are offering virtual and in-person tours.We are proud to announce we have been awarded the 2024 Kingsley Service Excellence Award for Overall Resident Satisfaction!Move into Calgary Place Apartments in downtown Calgary and get ready to enjoy all the perks. You're...

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