The horror stories I could recount regarding all the bad tenants I’ve been through would rival the entire Stephen King collection. Kidding, I’ve had lots, but luckily I learned from my many many mistakes. The first and most important key to avoid nightmare tenants is to never show them your rental in the first place. 

Are you unclear on how to convert your illegal suite so that it is legally recognized by the City?

The city looks at the following criteria for legalizing illegal suites…

As the pandemic progresses, we’re seeing changes in the housing market within the City of Calgary. The Canada Mortgage and Housing Corporation last recorded vacancy rates in October 2019, which were reported at 3.7%. However, due to the impacts of COVID-19, the negative long-term outlook towards a carbon based economy and the boom of purpose built apartment development we project a rise of rental vacancy rates. As a result of the increasing vacancy rates, we are projecting a decrease in the overall value of  the housing market over the long-term.