It’s a perfect time to find a place to rent in Calgary

If you are in the market to find a place to rent, now is the time.

That’s according to the Chief Economist of ATB Financial Todd Hirsch, who says compared to years past it is easier to find a place at a reduced price and it has a lot to do with Calgary’s economy and the price of oil

“They’re going to find some better deals,” Hirsch said. “I think they’re going to find that the landlord is willing to cut a little bit of the rent, maybe especially if they can get them in for signing a one year lease or something like that.”

But you may want to find a place quick.

“I think over at least the next six months, I think that renters will be able to find some good deals,” says Hirsch. “I’m not expecting Calgary’s economy to start booming again in the next six months, it’s moving in the right direction, but it is going to be gradual.”

He adds this it can be hard for landlords, because they still have to pay the same fees when they cut the rent.

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