Welcome to our Blog
Latest News in the Calgary Rental
and Real Estate Markets
Canada's New Mortgage Reforms
As of December 15, 2024, the Canadian government has implemented significant mortgage reforms aimed at making homeownership more accessible, particularly for younger Canadians.
Investing in Real Estate in Alberta's Secondary Cities
Explore how real estate investing can help you build wealth and generate income, even if you’re new to the market. In this blog post, we compare the unique opportunities in Alberta's secondary cities—Medicine Hat, Lethbridge, and Calgary—to help you understand their rental markets, affordability, and potential returns.
The Rental Market Squeeze: What’s Driving Alberta Rents Down?
December 1, 2024 - What’s happening in Alberta’s rental market? Declining rents, rising vacancies, and an oversupply of new rentals are creating challenges for landlords. Learn how reduced foreign worker permits, stagnant mortgage rates, and economic uncertainty are reshaping the market—and what you can do to stay competitive.
Vote for Your Top Choice Property Management Company!
Power Properties is proud to announce that we are a 2025 Nominee for Top Choice Property Management in Calgary! Now, we need your help to WIN!
Evicting a Tenant in Alberta: A Step-by-Step Guide for Landlords
Imagine this: It's the first of the month, and the rent is due. But instead of a payment notification, you get a text from your tenant with another excuse. Sound familiar? Or maybe it's not the rent, but constant complaints from neighbors about noise, or worse, you discover your property is being damaged. Are you wondering how to get that tenant out?
Building Homes with Habitat for Humanity
As of November 2024, Power Properties has donated $40,000 to Habitat for Humanity, thanks to the generous support and donations of their tenants, clients and team members.
3 Reasons Why NOW is the Time to Expand Your Real Estate Portfolio
November 1, 2024 - The market is shifting, and that means opportunity is knocking. Savvy investors like you know that recognizing these trends is key to maximizing your real estate investments. Here are 3 reasons why you should act now:
CRRA October Key Market Insights
Ann-Marie Lurie, Chief Economist at AREA, delivered an in-depth update on current market conditions. Realtor & Property Manager, Christopher Kellett, highlights several key takeaways from her presentation on the current state of the market.
Self-Managing From Afar: Why Remote Landlords Need Professional Help
Being a landlord from a distance can be a daunting task. When you live far away from your rental property, it becomes harder to keep an eye on things, respond quickly to maintenance issues, and manage tenant relationships. That’s why many remote landlords find themselves overwhelmed or dealing with unforeseen problems.
Can You Afford Bad Tenants? Why Professional Tenant Screening Matters
One of the biggest risks landlords face when self-managing their rental properties is choosing the wrong tenant. A bad tenant can quickly turn your investment into a liability, costing you money, time, and peace of mind.
The $10,000 Mistake: The Hidden Costs of Self-Management
Owning a rental property can be a rewarding investment, but it also comes with risks—especially if you choose to manage the property yourself. While self-management might seem like a way to save money, one misstep can lead to significant financial consequences.
New Mortgage Rules and You
October 1, 2024 - The Canadian government has rolled out new mortgage rules that could make homeownership more accessible and affordable.
Win 2 FREE Tickets to the Calgary Fall Home Show!
Enter our Calgary Fall Home Show giveaway for a chance to win 2 FREE tickets! Happening from September 27-29 at the BMO Centre. Contest ends September 25th—sign up now!
Increasing Supply and Demand
September 1, 2024 - Jamie Palmer, President & Broker of Power Properties, offers a detailed look at the current state of Calgary's real estate and rental market in this latest update. As rental rates begin to slow due to affordability concerns and rising demand from inter-provincial migration, the balance between supply and demand is becoming increasingly intricate.
Why Should I Hire Power Properties?
Managing a rental property can be daunting, and many property owners wonder if hiring a property management company is worth it. At Power Properties, we offer comprehensive services designed to make property management easier and more efficient.
New Opportunties in Southern Alberta
August 1, 2024 - Calgary’s prices continue to see year-over-year and month-over-month increases. As Calgary's market becomes increasingly competitive, Southern Alberta offers attractive alternatives for investors and homebuyers.
Full-Service Property Management & Real Estate in Lethbridge
Power Properties is thrilled to announce that August 2024, we are expanding our property management and real estate services to Lethbridge!
Power Properties is expanding to Medicine Hat
Power Properties is thrilled to announce that this July 2024, we are expanding our property management and real estate services to Medicine Hat
Thank you for joining our Pancake Breakfast!
Thank you for joining our third annual Pancake Breakfast! With your support, we were able to donate 230 pounds of food to the Calgary Food Bank.
Navigating Calgary's Rising Rental Market: What $2,000 Can Get You
As the rental market across Canada experiences significant shifts, Calgary stands out with one of the highest year-over-year rent increases. According to the latest data from Statistics Canada, rent prices in Alberta soared by 16.2% in April 2024 compared to the previous year. What does this mean for renters?