Question: Why is Calgary’s rental market thriving?
Emerald Management & Realty Ltd.: The rental market thrives when the city thrives. Calgary’s economy is in full recovery mode. The natural-resources industries based in our city are growing, and our province’s agricultural products feed the world. A more robust economy means more jobs all around. More jobs mean more people, which creates a greater demand for housing.
Question: What does this mean for investors in Calgary’s commercial properties?
Emerald Management & Realty Ltd.: It’s good news for them. Our rental-vacancy rate is down to 2.5%, and some industry experts say that the expected return on investment is as high as 21.6% for landlords.
Question: Why should Calgary landlords consider contracting with your firm to manage their properties?
Emerald Management & Realty Ltd.: We have a proven track record in property management, stretching back decades. We help our clients improve their property values and realize increased earnings. Since we handle the day-to-day aspects of tenant relations, we make it easier to invest in Calgary real estate.