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The Changing Tide for Investors – Purpose Built Rental Properties

Sun, 27 Dec by Bryon Howard

The Changing Tide for Investors - Purpose Built Rental Properties

One of the secrets of successful investing is the ability to identify market trends well in advance of the curve in order to maintain a competitive position. Here is one historical trend that perceptive real estate investors have been following for some time now. Those who have been paying attention realize that the cult of home ownership no longer rules the real estate landscape. Gone are the days when renters can be ignored. There are far too many of them to ignore.

All across North America, the millennial generation is changing the face of the game when it comes to home ownership. For the most part, it simply does not interest them. Many cannot afford to buy in Calgary, and others who can afford to purchase a home are instead choosing to rent in order to maintain mobility and free up disposable income for travel and recreational pursuits. They do not wish to be tied down to the responsibilities associated with mortgages and home ownership.

These young millennial workers, along with their baby boomer parents, continue to question the suburban lifestyle and flock toward urban centers like Calgary. The trend is led by millennials but reaches across all demographic lines.   In response to this repositioning, developers and investors need to shift some focus away from condos and single family homes and move toward purpose built, multi-family rental housing.

Given today’s low mortgage interest rates and Calgary’s high rents, the time is perfect for investors to capitalize on properties that offer positive cash flow and return on investment. Calgary’s residential rental properties are the ideal investment vehicle for anyone seeking immediate returns in an uncertain economic environment. Even those who already own a home might wish to consider investing in a two-family home with sufficient rental income to help pay down the mortgage on their own home.

Former single-family homes converted into two legal dwellings make for attractive investments in Calgary where the average rental on a two-bedroom apartment rose nearly 6% last year. Remember also that a developer or owner profits on the sale of a condo or detached home only once while they hold the potential to profit on the rental of the same property for perpetuity.

The trends sparked by the millennial generation will influence the real estate industry for many years to come and continue to reposition rental properties in the real estate hierarchy. Work with your Realtor to see if investment in purpose built rental housing makes sense for you.

Are  you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

Spreading Christmas Cheer in Calgary

Wed, 16 Dec by Bryon Howard

Spreading Christmas Cheer in Calgary

Christmas in Calgary is a magical and memorable experience. In addition to being the best time of year to catch up with friends and relations, it is also the perfect tine to give back to our community. There are countless ways to give of your time and money to make someone else’s Christmas just a little brighter. Start with your own church, club or civic organization to determine where the need is greatest and take it from there. Otherwise, here are a few volunteer ideas to get you started:

Women’s Centre of Calgary – Toy Room Volunteer

The Women’s Centre of Calgary needs volunteer workers to set-up and staff its annual December Toy Room for local women and their children in need of Christmas cheer. Shifts run about three hours and are flexible. Gift wrapping skills are appreciated, but not needed.

Calgary Seniors’ Adopt a Grandparent Program

No one deserves to be alone during the holidays – particularly our treasured senior citizens. Unfortunately, too many are. From November 1st thru January 15th, the Adopt a Grandparent Program organizes volunteer visits, complete with stuffed stockings, to homebound elders. Spend an hour with an adopted grandparent and you will have an experience to treasure forever.

Heritage Park Historical Village

If you are a local history buff and can never get enough of the History Channel, consider volunteering at Calgary’s amazing Heritage Park during the holiday season. Help is needed in retail sales, cookie decorating and hospitality hosting. It’s a great way to pick up some new skills for your resume and enjoy the Park’s Christmas festivities at the same time.

The Magic of Christmas

Founded in 1983, this charitable program has grown exponentially to the point where a volunteer family of 500 Santas and elves delivers presents and Christmas spirit to nearly 5,000 families and patients in hospitals and other institutions throughout the city.   Stay alert – gangs of rowdy elves are known to sometimes overtake cars to bombard the occupants with carols!

The mission of all of these wonderful Calgary organizations is to spread the message of love, sharing and caring throughout the season and remind us all of the real meaning of Christmas.

Merry Christmas from Team Howard!

Are  you looking to Sell or Buy a home in Calgary and need someone who won’t rest until you’ve found your dream home or until your home is sold? I’ll work hard to earn your trust and to deliver exactly what you need. Contact me at 403-589-0004 or at TheHowardTeam.net.

About Bryon Howard

Bryon Howard and his team of Calgary real estate professionals sell an average of two homes a week. He is a member of the MLS Million Point Club, which ranks him roughly in the top 1% of productive realtors in Calgary. His aim is not just to please clients but to help them buy/sell a home in Calgary at the best price, in the shortest time, and with the least hassle. He is a member of the RE/MAX House of Real Estate that leads in the Canadian market. Learn more about Bryon at TheHowardTeam.net.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.