The Future of Calgary Rentals: Purpose-Built Rentals vs. Condos
Posted by Ray Yang on
As affordability challenges continue and more Calgarians turn to renting, the rental market is undergoing big changes. Two main options dominate the landscape — purpose-built rentals and condo rentals. Each has unique advantages and drawbacks, and both are shaping the future of Calgary’s housing market.
Purpose-Built Rentals
Purpose-built rentals are designed from the ground up for tenants and are owned by developers or property companies. They’re professionally managed and often include on-site staff and modern amenities.
Advantages:
- Tenant stability with less risk of eviction due to a sale.
- Professional management ensures timely maintenance.
- Modern buildings often include gyms, coworking areas, and pet-friendly spaces.
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