Edmonton is a tough market for renters right now. Anyone trying to find a place to live there has probably heard the word “no” or “not available” as the standard responses to most of their rental inquiries. It is also very, very expensive to rent in Edmonton right now. If you have a pet, or if you smoke, that complicates matters even more.
So why not try to find a roommate? Sharing a place obviously means sacrificing privacy and space, but if you need a place right now, and money is tight, this may the way to go. The economy of Canada is expected to tighten even more due to higher gas prices and grocery bills. You can expect that this will trickle into rental prices, making the cost of living even higher than it is now. Sharing a house or condo can make your dollars stay in your wallet a little longer.
Canadarentals.net will be partnering with Easyroomate in a few weeks to offer a roommate finding service on this site. We are excited, since Easyroomate is one of the premier roommate finding services in Canada. We also encourage anyone with a room to rent, or anyone looking for a roomate to post a free ad on our Edmonton page.
I have been reading that the Canadian real estate market is starting to cool, and that the boom is over. A lot of new inventory on the market is causing home prices to fall, which is creating a lot of opportunity for the buyer.
What I want to know is how this might affect the rental market. I suppose you could argue that if people are having a harder time selling their home due to higher competition, then might these same people resort to renting their home out and wait for a better market? I live in a city where the real estate market is not great right now, and in the past year you just don’t see very many for sale signs out. The rental market is seeing a surge though.
I seem to remember reading that the Edmonton rental market is seeing a higher vacancy rate than they have seen in a long time. We’ll see how this all pans out! I predict that the vacancy rate for rentals will slowly start to rise over the coming year. The higher price of gas, and the resulting price of food and other items will make people want to put off any major investments for a while.
I have had a few different people who manage or own corporate housing or short-term rentals in Canada place a photo ad with me, and have incredible success. These folks paid for a full year, so they don’t have to worry about renewing every few months, and then I send them a reminder when their year is up. For a full year photo ad on Canadarentals.net it is only $108 CAD. That’s a pretty darn good deal considering that you get a google map, 5 photos, fraud detection info, and a custom mail form. The people who have done this have all gotten numerous inquiries from their ads. I am also developing a Corporate Housing section on the site that is starting to rank very well.
To return to the main ad posting page click here
It’s true – Canadarentals.net has some pretty darn good rankings, which is amazing since it has all been done by me, David – a stay-at-home dad. I have always been adept at developing rankings and traffic for my sites – all “white-hat” as they say – nothing done spammy or unethically.
In many cases, I rank right there with Craigslist or Kijiji (as of 6.3.08):
In many cases, I rank at the top (as of 6.3.08):
I have to say that both Craigslist and Kijiji are outstanding sites and obviously very successful. Both of them receive infinitely more traffic than my site does, but they both also have many more categories than my site (autos, for sale classifieds, etc). My site focuses on just property rentals. I am just happy to be able to do what I have done in just a few short years with Canadarentals.net, and ‘swim in the same pond’ as some of these larger sites.
Anyways, thank you for using my site! I hope it brings you success in finding a renter or a rental.