Free rent offered as move-in incentive at these Calgary properties

Landlords and property managers in Calgary are increasingly offering rental incentives to entice prospective tenants.

According to Rentals.ca, the COVID-19 pandemic has created an uptick in available rental units and a decrease in demand.

Driving factors include a stall in immigration, students not being around to rent, and people working from home leaving city centres to get more space for their money.

Some people aren’t moving during the pandemic to save money, and lower-income earners are finding cheaper rentals or moving back in with their families.

Since the border to the US has been closed since March 2020, many short-term rentals have been turned into long-term rentals as well.

In Calgary, rental incentives are being offered not just for new builds, but for older units and townhouses as well, Rentals.ca notes.

They say incentives could continue to be offered through 2022, depending on how quickly vaccines are distributed and how quickly rental demand can catch up to supply.

If you’re looking to move, here are some Calgary rentals offering incentives, according to Rentals.ca: