By now many of you have seen your property tax bills uploaded to your client portal, and for the majority of you, your property taxes have increased. However, the residential property taxes have only been increased 3.45%, while business have seen increases of 80-100% over the past three years. Property taxes are one expense that is largely outside of your control, but can certainly impact the cash flow of your rental. This is one reason why it is important to increase your rent each year, even if it is only by $10/month. This will help offset increased expenses and ensure a healthy cash flow.
For those of you that pay your property taxes annually, the City of Calgary property taxes are due June 30th. If you would like to pay your property taxes monthly you can visit:
to sign-up for the City of Calgary tax installment payment plan.
Power Properties has several of the properties we manage listed for sale, many of these would make good investment properties. You can view these at:
If you are thinking of purchasing an additional investment property you can sign up for our weekly Investment Property Newsletter. Each week our Realtors select properties that will provide a strong return in a variety of price ranges, everything from whole apartment buildings to half-duplexes.
Investment Newsletter Sign-up
As an added bonus if you use a Power Properties Realtor® to purchase an investment property, Power Properties will waive the leasing fee (a $775 value).
Jamie Palmer CPM®, Realtor®, B.Sc. (Hon)