Maximize Your Positive Cashflow by Investing at Pre-Construction Hamilton Grand Hotel Condominiums for Sale - Unique Condo Hotel Investment Strategy

The Hamilton Grand Hotel Condos for Savvy Canadian Real Estate Investors

Here is the latest on the new Hamilton real estate investment opportunity at the unique hotel condo at the Hamilton Grand property under construction. Be part of a Hotel Business says their latest advertorial. Fully furnished one bedroom suites at the pre-sale Hamilton Grand Hotel condos for sale start from just $199,900, so get into an entry level Hamilton condo real estate investment for less than $200k! Suite condo owners share ALL revenue streams through this high end Hamilton Grand Hotel real estate development, which is much different from a traditional condo-hotel development where each individual owner or investor has to fend for themselves and amongst the many owners of individual suites. But not here! What’s included in this fabulous new Hamilton Grand Hotel condo opportunity for purchase? Daily hotel guests, extended stay monthly, long term leases and great venues for weddings, banquets with catering, business meetings and parking for hourly and monthly tenants. In addition, the pre-sale Hamilton condos for sale at the new Hamilton Grand Hotel real estate development will include twenty four hour room service, a lobby bar, dining room, news stand and twenty four hour coffee shop, providing excellent amenities to all tenants, visitors and business travelers. Also available at the pre-construction Hamilton condominiums at the Hamilton Grand Hotel condos for sale right now include spa and guest services, in room movies, phone, high speed internet and lobby retail for a five star experience.

Maximize Your Cash Flow – How Does it Work at the Pre-Construction Hamilton Condos at the Hamilton Grand Hotel?

The pre-sale Hamilton Grand Hotel is truly real estate investor friendly. The legal structure is simple: each Hamilton condo real estate investor has clear title to an individual pre-construction Hamilton condominium and the revenue split is unusually fair (90% to the Hamilton condo suite owners which is divided equally amongst all property owners). The Hamilton Grand Hotel condo units are not merely hotel rooms; they are all one bedroom apartments, with a kitchen, laundry, bedroom, living/dining room and a workstation/desk. The price for the pre-construction Hamilton condos at this Grand Hotel condominium includes a complete furnishing and décor package (plus linens, towels, china, and all amenities one would expect in a luxury five star hotel). In addition, Hamilton condo investors own more than just a suite. Investors in the Hamilton Grand Hotel condos also proportionately own the banquet and meeting rooms, dining room, lobby bar, café, retail and spa facility as well. Through a custom designed property management program, all the revenue streams and operational costs are pooled, with the surplus distributed equally amongst the Hamilton condo owners. In most other ‘condo-hotels’ in Canada, the condo and the hotel are actually separate; at the pre-construction Hamilton condo Grand Hotel, on the other hand, the condo IS the hotel, and the pre-sale Hamilton condo owners ARE the hotel owners as well. Think of it as a hotel with 190 owners. Because revenues and costs are pooled, a Hamilton real estate investor need not worry about anyone receiving preferential treatment. It does not matter how often a Hamilton Grand Hotel condo suite is actually occupied, the owner receives an equal share of the revenue. All pre-construction Hamilton condo suites at this property development are constantly maintained (and repaired immediately) by the hotel itself.

What’s In It for Hamilton Real Estate Investors for these Presale Hamilton Condos?
For a Hamilton real estate investors, the higher the cash flow, the better. Not only does higher cash flow offset expenses, but higher cash flow translates into higher property values here at the Hamilton Grand Hotel condominiums for sale. That’s why hotels are so appealing to large sophisticated investors in real estate, corporations and institutions. Let’s consider an example: if a condo suite is used as rental apartment, it might generate $800/month; however, if used as a hotel, the same property could generate $150/night (or 500% more in investment returns). Even factoring in vacancy allowances and costs (which would apply to both scenarios in Hamilton condo investments), hotels generate far higher revenues ‘per key’ while using much smaller spaces. On a ‘dollar per square foot’ basis, there is just no comparison between a regular pre-construction Hamilton condo investment versus the Hamilton Grand Hotel condo option. A hotel will also generate additional revenues from many sources, such as the banquet hall, dining, bars, a café, lobby retail sales, room service, long distances, movies and much more. In aggregate, the revenue per suite in the Hamilton Grand Hotel Condos usually averages several thousand dollars per suite per month. Unfortunately, however, for an individual Hamilton condo real estate investor, owning and operating a hotel is not a practical option. Now, the pre-sale Hamilton Grand Condo Hotel makes hotel type income possible for the individual Canadian real estate investor, and at an affordable price too. In 90 days, over sixty per cent of all the suites at the pre-construction Hamilton Grand Condo Hotel have sold!

In an era of uncertainty, Canadian real estate investors appreciate ‘bricks and mortar’. One does not have to be an economist to appreciate the food and shelter are not temporary fads, and that an architecturally grand building, in a highly visible, city centre Hamilton real estate location (only one block from a commuter train station) will always have value. And compared to the ‘financial products’ offered on Bay Street and Wall Street, the Hamilton hotel business is timelesss and understandable. Not only is the pre-sale Hamilton condos at the Hamilton Grand Condo Hotel for sale a property investment that you can be proud of owning, but the experience is stress-free, with professional management on site ‘24/7’ and a monthly statement provided with cheque attached for your positive cash flow property. Meanwhile, you can sit at the lobby bar in your hotel… and watch the guests check-in. For further information regarding the Hamilton Grand Hotel Condo real estate purchase and investment opportunity in the best Hamilton real estate project, please feel free to visit the comprehensive website at www.hamiltongrand.ca. Special bonus for early condo buyers at the Hamilton Grand Hotel property is that five years of property taxes will be refunded. Visit www.hamiltongrand.ca or call 289.389.1022 for additional details about this ground level new Hamilton real estate investment opportunity that is brought to you by established and experienced developers.

Introducing CANREIG - The Canadian Real Estate Investment Group - Learn About Canadian Property Investing, Stats, Resources, Become Millionaires

Introducing CANREIG – The Canadian Real Estate Investment Group – What Financial Crisis?

While the rest of the country is hibernating, waiting for the ‘Crisis” to be over, CANREIG’s members of professional real estate investors and owners are flourishing making millions in today’s economy. The Canadian Real Estate Investment Group (CANREIG) was founded by Dave Ravindra, who saw the need to bring viable Canada real estate investing information to Canadian property investors, has been creating millionaires for over ten years now. CANREIG’s mission statement is ‘To create more millionaires in Canada via property real estate investing than any other company’ is no small feat by the Canadian Real Estate Investment Group. By educating their members on how to make wise, creative and sound property investments, Canadian Real Estate Investment Group’s techniques have proven successful time and time again. Starting from small modest roots of one office in Ontario, CANREIG has grown into an international company. With offices in Vancouver, Edmonton, Calgary, Ottawa, Montreal, Toronto, Florida and Brazil, CANREIG Canadian Real Estate Investment Group offers its members multi-faceted resources that enable them to make smart investment decision in Canadian and international real estate. Whether Canadian real estate investing is new or familiar, CANREIG has something to offer everyone with an interest in real estate investing. CANREIG’s seminars and workships offer deep and practical insight on Canada real estate investing. From Successful Real Estate Investing 101 to more advance courses such as Lease Options and Creative Financing, Canadian Real Estate Investment Group prides themselves on the realistic application of various techniques for maximum returns in Canada real estate investing. Seminars and workshops are just a drop in the bucket compared to what else Canadian Real Estate Investment Group has to offer. CANREIG offers a full range of products and services, visible on their website at www.CANREIG.com. Let’s explore some of these below.

Why Choose CANREIG for your Canada real estate investing needs and questions?

If a property investor is looking for that perfect income producing property, or their immaculate dream home, CANREIG’s affiliated realtors will find the perfect property, suiting the investor’s needs in every way. By knowing exactly how to work with Canadian investors, these realtors partnered with Canadian Real Estate Investment Group have an invaluable insight leading them down the right path, not limiting the client, and opening many more doors. CANREIG’s members are some of the best in the Canadian property industry. Many of them millionaires themselves, Canadian Real Estate Investment Group mentors share their knowledge and experience to those individuals looking for ongoing support and a strong real estate investment team to lead them to financial freedom through investments in property. To take advantage of all Canadian Real Estate Investment Group has to offer, membership is the way to go. With discounts, ongoing training via webinars, access to monthly meetings across all branches (held on Wednesdays, check website for details), networking opportunities, among many, many more perks, a Canadian property investor will be well on their way to becoming a millionaire through Canadian Real Estate Investment Group or CANREIG. As an added bonus, because CANREIG Canadian Real Estate Investment Group has strong confidence that real estate investors will truly appreciate what they’ve got their hands on with CANREIG’s membership, CANREIG allows members to benefit by referring other people to Canadian Real Estate Investment Group’s Membership program as well. This is a one of a kind membership from a one of a kind company. In fact, many of CANREIG’s members didn’t realize their potential when they first signed up. In times of financial difficulty, Canadian real estate is bar none the best investment any investor can make. Now is the time to change with Canadian Real Estate Investment Group! CANREIG shows no signs of stopping or slowing their growth. With plans to expand even further, more and more millionaires are being created through the CANREIG system. CANREIG’s members are well on their way to becoming financially free. Join the elite and realize your real estate investing potential through the Canadian Real Estate Investment Group. It’s worth your while to test the different CANREIG offers.

The Pre-Construction Hamilton Grand Condo Hotel - Great Pre-Sale Hamilton Condominium Real Estate Investment - Unique Opportunity Offered!

CASE STUDY: The New Hamilton Grand Condo Hotel – Good Investment, but How Does It Compare?

Located in the very central nerve of the business district in the heart of the most valuable Hamilton real estate district, the Hamilton Grand condo hotel is a one hundred and seventy seven condominium suite hotel, due for completion in the early part of 2011. There are many things and features that are very unique about this pre-construction Hamilton real estate development. Firstly, the pre-sale Hamilton Grand condo hotel building will set itself from the crowd as it is the only legally structured hotel condominium, with every presale Hamilton condo suite having an individual owner, but operating as a full hotel. A property management company will run the new Hamilton Grand condominium hotel on behalf of all the property investors and owners, who will not be actively involved in renting the pre-construction Hamilton condos. Real estate investor returns are based on the income of the entire real estate property, not the rent per individual Hamilton Grand suite. Each of the 177 hotel rooms at this new Hamilton real estate development is a one bedroom condo priced at $199,900 with the exception being the one bedroom penthouse suites at $219,900 and includes furniture and a built in home theatre system, ideal for hotel suite guests. The projected rental rate at the new Hamilton Condos at the Hamilton Grand Hotel is set at about $150 per night and at full occupancy, this equals ot about $4,500 per month in gross revenue in rental returns. This does not include entertainment income that hotel guests at the pre-construction Hamilton Grand Hotel condos will spend during their stay. Even then, the analysts of the Hamilton real estate development expects that even with a conservative 35% vacancy, property investors can still expect about $2,000 per month net return after all expenses are paid. This does not, however, including mortgage costs for individual Hamilton condo grand suite, which are the responsibility of each individual investor. A lack of Hamilton hotel supply makes this a good choice for this real estate development because as the city continues to prosper, there will be growing demand. Also of note is the City of Hamilton real estate development initiative, which includes a property tax rebate of five years for your purchase of a new Hamilton Grand condominium. For more information, floor plans, pricing and availability of the suites here at the pre-sale Hamilton Grand condo hotel suites, please contact them at 289.389.1022 for additional details. A once in a lifetime opportunity only needs a few minutes of your time. Realize your dream of positive cash flow properties today at this new Hamilton condo development.

Why Invest in Hamilton Real Estate?

The Hamilton property market is resilient. With average vacancy rates at 3.2% and a low average price of Hamilton real estate around $264,549, Canadian real estate investors who want positively geared properties should consider this city. Already undergoing tremendous transformation and revitalization, Steeltown has become boom town. A sustainable population of $504,599 sure helps the stability of the Hamilton real estate market as does an increasing median income, job growth and the economy. The average rent for a one bedroom Hamilton condo suite is about $681/month while a two bedroom Hamilton condominium is $836/month. Single family homes in Hamilton property are hot buys as are student rentals in the area. Being just 65 kilometres from Toronto real estate, Canada’s largest city in addition to Burlington and other major cities in Ontario, Hamilton real estate is burgeoning in growth and development. Hamilton property was recently named one of the top 10 towns in Ontario to invest in by the Real Estate Investment Network (REIN). Having missed the boom of the early 2000’s, Hamilton is now undergoing major growth and people are starting to realize this.

FREE CD: Total Real Estate Success for Time Strapped Canadian Professionals Who Want to Invest in Canada Real Estate - Now Being Offered!

FREE CD Total Real Estate Success for Time Strapped Canadian Professionals Who Want To Invest in Property

Warning! Only for doctors, lawyers and other Canadian professionals with little or no time who want to make a lot of cash with single family, residential properties and other Canadian real estate investments. For serious property investors only! Your FREE CD Total Real Estate Success for Time Strapped Professionals is packed with an avalanche of information that will take you from zero to real estate hero in just 80 minutes! And it’s FREE too! Yours for the asking but there are only a total of 200 copies of the Total Real Estate Success for Time Strapped Professionals available. And when they’re gone, they’re gone. You’ll discover some of the following in this CD Total Real Estate Success for Time Strapped Professionals: How to find the right Canadian investment property for you, how to earn an extra ten thousand dollars or more when you sell your investment home, how to tell if you’ve got the right temperament for Canadian Real Estate Success, the strategy that will eliminate any tenant problems, how much money you actually need, how to crate a down payment faster than you ever thought possible. Also available information on the CD Total Real Estate Success for Time Strapped Professionals include how to quickly plug the numbers into a real estate formula to assure your success, the most important number in your life, financially, the best way to get a mortgage, the five people who are indispensable for your success, the facts, why you shouldn’t fix mortgages, when is the best time to buy real estate and what are the three biggest mistakes you’re likely to make when you start. Other facts that are provided will answer these questions from the Total Real Estate Success for Time Strapped Professionals: how to get professionals to help you every step of the way, the right way to choose tenants so you’ll never have those renter headaches others have, the right way to set up a lease and the biggest problem every lease has in addition to the single most effective way to get your bank to work with you for your real estate investment, the single trick that will have your handyman at your beck and call, day or evening and how to get others to work to get you the best tenants anywhere. Other topics covered in the Total Real Estate Success for Time Strapped Professionals CD includes how to fix nay problem, how to get great tenants in just hours, the one line in your lease that will ensure you never have those grow-op problems, the strategy for having a stream of great renters lining up at your door, how to add an additional $150 in rent each month with a single piece of paper, the three types of property tenants you should avoid at all costs in addition to how to get the best mortgages.

Other topics and free information from the Total Real Estate Success for Time Strapped Professionals CD includes the ins and outs of creating a lease you can sleep easy with, the right way to choose tenants, how to be successful in six hours, the one thing that tenants will always want and will pay for, how to get tenants to actually take care of problems themselves and how to make your rental different and better than every other condo rental unit out there. Other information and details included for free in the Total Real Estate Success for Time Strapped Professionals include how to get great tenants, how to create a guided tour of your property investment property when you’re not even there, and finally, the big one: how you can have total real estate success and not even raise your finger to do one second’s work! Your free CD Total Real Estate Success for Time Strapped Professionals is ready to be sent out to you, but there are only 200 free copies available. Just call Steve at 1.888.2906.4929 (toll free) today! He is a Canadian real estate success story and will answer any questions you may have.

ROI Advantages of Secondary Suites or Basement Suites for Canadian Real Estate Investors - Including UniverCity SFU Burnaby Approves Lock-Off Suites

Building ROI Through Secondary Suites: From the Basement Up

Through good times and bad, through economic booms and busts, there is one form of Canadian real estate investing that truly bucks the trend in terms of providing positive cash flow and building return on investment both short and long term. Whether you call Secondary Suites in law suites, accessory apartments or granny flats or even student housing, these forms of Canadian housing form an important role in providing secondary income to property owners and investors. There are many things that need to be considered when renting out a Canadian secondary suite including whether or not city bylaws allow for them, if they meet property regulations and how to get the best rent, but in any case, building ROI through Canada secondary suites is a great way for property real estate investors to build equity and positive cash flow. According to CMHC, secondary suites, which are also known as accessory apartments and basement suites, are a common feature of older homes. In existence for many decaies already, these Canadian secondary suites apartments became illegal in some jurisdictions when zoning bylaws set stringent requirements for the type of Canadian housing that could be accommodated in low density areas. Since the 1980s, secondary suites in Canada real estate markets have been recognized by policy makers as one of the most cost effective ways providing affordable rental housing in all major cities and towns in Canada. In addition, these secondary suites, basement suites and accessory apartments also provide great homes for younger singles and couples whom the extra income from a rental unit makes housing affordable in high cost areas. This also allows the younger generation to save more money and save it quicker in order to purchase their own piece of Canadian real estate. Many municipalities across Canada real estate are reviewing their bylaws and standards governing secondary suites in Canada to access whether they can be relaxed. Some cities and towns permit Canada secondary suites as ‘of right’ in all single family homes, while others permit them only in designated zones. In even other cases, municipalities permit Canada secondary suites through site specific zoning. Secondary suites in Canada are governed by provincial or territorial building codes that deal with health, safety and fire protection. Secondary suites in Canadian real estate rental markets make up close to one fifth of rental inventory in Toronto and Vancouver. They are also an important source of rental housing in Canada in small towns and in rural areas where there is little conventional rental housing. Secondary suites in Canada real estate can reduce carrying costs to first time homebuyers by up to 25%. For more information on bylaws government Canadian secondary apartments in your specific town or city, consult your local municipality.

More details about City of Vancouver laneway housing permits and applications is located here. If you are looking for more info regarding Downtown Vancouver Secondary Suites and basement suites in the sky or lock-off suites, click here.

Renting Out a Basement Suite? Here Are Some Things to Consider

If you own a home in a municipality that allows for basement suite apartment rentals, here are some things to think about before putting your secondary suite onto the rental market according to Garrett Construction. Make sure you know the local bylaws as if you’re counting on extra income and the city or town does not approve your rental unit or secondary suite rental, you may not be able to afford the home in the short or long term. In addition, there may be miscellaneous rules such as satellite dishes, additional cable or even barbecues that you may consider adding to your rental. If these allowances are not spelled out first, you could end up with strangers messing with your house without your permission. Commercial zoning is another factor when considering renting your secondary suite apartment. Is your secondary suite tenant going to try and run a business form the basement suite? This should be part of the screening process so you know their plans and the potential implications for you in your rental basement apartment. Do the math and make sure you can generate the rent you need from a basement suite apartment rental. Check out the competition in your area. Create rules for your secondary suite house which includes noise, smoking, parking, shared spaces, overnight guests and pets, so that your tenant in your basement suite understands the rules that you set. Screen prospective tenants thoroughly to make sure that they fit within your lifestyle and that you are comfortable with them staying in your own home. Get renovation estimates in case something goes wrong and something needs to be repaired in your Canada secondary suite.

How To Get the Right Basement Suite Tenant for Your Property Investment

If you’re looking for the ideal and perfect tenant for your Canadian basement suite or secondary suite, there are several things you should consider before renting it out. Firstly, flooring, furnishings and lighting are always good to update prior to taking any photos for marketing and ad placements so that your potential future tenant for your basement secondary suite gets an eye catcher where they will view your secondary condo suite. In addition, personal laundry nowadays is a must in terms of a basement suite rental in addition to a modern electric fireplace. You should also consider replacing old kitchens with new cabinetry or updated exteriors as well as when you’re renting out a secondary basement suite, you’ve got to step it up a notch and replace old bathroom vanities, install good faucets, hang a nice mirror, replace old toilets, tubs and surrounds. Also, don’t skimp on finishing and fixings in your basement secondary suite condo for rent as your potential tenant will be comparing your rental home to others in the same area that have been updated. All of these factors will increase your ROI or return on investment for your secondary suite.

Burnaby Basement Suites in the Sky

A recent article published talked about the legalization process for secondary basement suites in the sky in condo developments in the City of Burnaby in the Greater Vancouver area. It might not be everyone’s idea of a basement suite or secondary suite, or even an accessory apartment, but the City of Burnaby may just be the first municipality in the world to legalize secondary suites in highrise condo apartments. Also called ‘lock-off’ suites, these secondary suites in the sky enable condo home owners and investors to do what those of detached and semi-detached homes have been doing for years – rent out extra space that they do not need. For property investors in Burnaby real estate market, it might provide another great rental option in Vancouver and other cities where high purchase prices mean they must maximize income potential to support mortgage payments on their condo investments. And in Burnaby real estate, some observers believe it might provide a solution to the increasingly thorny issue of where to house the university students and working singles who drive the economy. The Burnaby basement suites in the sky are basically secondary condo suites in high rise tower residences. The City of Burnaby recently amended its bylaws to approve lock off suites within up to half of the rental apartments and townhomes at UniverCity, a condo community being developed on Burnaby Mountain adjacent to Simon Fraser University. The secondary lock-off condo suites at UniverCity must be at least 240 square feet, and are permitted to have their own entry from the corridor, as well as their own bathroom and cooking facilities. The secondary lock-off Burnaby suites, ranging in size from 240 to 285 square feet, are renting from $525 to $750 per month. By comparison, in Vancouver real estate market, where the city is reportedly looking into allowing such secondary suites in lock-off suites, a new or recently renovated one bedroom condo apartments rents for about $1200 per month, while basement suites fetch about $750.

Canadian Rental Real Estate Market is HOT! Check out the best bets for high return on investments for Canada Rental Apartment Properties - GREAT ROI!

Canada Rental Condo Market – Best Bets for High ROI

The Canadian condominium apartment rental real estate market is booming and there are a few urban centres that are leading the way in terms of return on investments for real estate investors as well as low vacancy rates. Even with the economic problems we face in Canada, there are many cities that are facing a shortage of rental housing, and because of this, many Canadian property investors are reaping the rewards of owning rental property. During this time, high ROI is seen in rental condos and apartments as many would-be homebuyers are playing the waiting game for prices on housing value to plummet even further. Because of this, property investors who own rental condos and apartments for rent are seeing higher than normal returns on investment and there is no reason why this won’t continue for the rest of 2009. According to the Canadian Real Estate Magazine, here are the top 4 featured condo markets that are providing high ROI to property investors in Canada:

Saskatoon Rental Apartment Market 2009

CMHC is forecasting an increase in the average vacancy rate to 2% in October 2009, as Saskatoon’s employment continues to grow, leading to in migration and rental demand. CMHC is also forecasting employment gains of 1,800 jobs in 2009, following 2,300 new positions in 2008. Global demand for oil, gas potash and uranium provided a significant boost to Saskatoon’s real estate market in recent years, but weakened demand for some of these goods and the global economic struggles had an impact on the Saskatoon real estate market in 2008. Still, Saskatoon real estate continues to be one of the fastest growing cities in Canada, and the Saskatoon rental market will continue to benefit immensely. The Saskatoon Vacancy Rate for October 2008 was 1.9%. The Saskatoon rental apartment rent increase average for a 2 bedroom apartment from October 2006 to 2007 was 13.5%. The rent increase from 2007 to 2008 for a two bedroom rental Saskatoon condo was 20.3%.

Regina Rental Market Update 2009

The average vacancy rate for Regina rental apartment market will increase slightly to 1.2% in 2009, the CMH says, as in migration slows because of a slower increase in employment and higher rents. Some Regina renters are doubling to compensate for rising costs, thus contributing to the increase in Regina condo vacancy. As well, newer, investor owned condominiums in Regina are drawing off demand from existing rental projects. Despite some cooling in 2008, the provincial economy of Saskatchewan continues to fire on all cylinders, and Regina rental property market will certainly benefit. The Conference Board of Canada, for example, expects Saskatchewan to lead the country in real GDP growth in final 2008 numbers, about 5.2%, and in 2009, about 3.6%. The province’s diversified mix of natural resources and agricultural commodities will maintain strong export growth. A number of large scale Regina capital projects will keep employment levels an wages increasing, leading to strong Regina rental condo demand. The Vacancy Rate for Regina in October 2008 was 0.5%. The rent increase for a typical two bedroom Regina apartment for rent from Oct 2006 to 2007 was 6.2% and then from Oct 2007 to 2008 was 13.5%.

The Sudbury Rental Market Forecast 2009

A growing mining sector and corresponding strong in migration are driving Sudbury rental apartment demand in Greater Sudbury, according to Canada Mortgage and Housing Corp. With little new Sudbury rental construction planned, the vacancy rate will resume a downward course, edging lower again in 2009. Once solely dependent on mining, the Sudbury economy of 2009 has diversified in recent years, and now boasts government offices for taxation, education, technology and health. Mining is still a vital component, but expansion in these other sectors as well as education and heathcare, is providing a more balanced economy in Sudbury Ontario, according to Re/Max in its Sudbury Housing Market Outlook for 2009. The Sudbury rental vacancy rate for October 2008 was only 0.7%. From Oct 2006 to 2007, the apartment rental increase in Sudbury for an average two bedroom suite was up 7.7% and to 2008 was up by 5.6%.

The Kelowna Rental Apartment Market Outlook 2009

Strong population growth and declining supply of purpose built Kelowna apartment and townhouse rental units have kept vacancy rates low, according to CMHC. Sustained low vacancy rates have put upward pressure on both Kelowna apartment rentals and townhouse rents during the past year. Kelowna’s vacancy rate is expected to increase slightly to 1% in 2009. Rents in Kelowna are forecast to continue rising, though possibly with smaller increase. Kelowna’s reputation as a lifestyle community will continue to attract people to the area. Kelowna is well supported by economic fundamentals with growth and job increases in the education, tourism, service and health sectors. The average Kelowna vacancy rate for October 2008 was 1.9%. Between October 2006 to 2007, the average 2 bedroom rental Kelowna condo apartment increase was 13.5% and to 2008 was about 20.3%, one of the highest in all of Canada’s rental markets.