Welcome to our Blog
Latest News in the Calgary Rental
and Real Estate Markets
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?
Renting vs. Owning in Calgary: What’s the Best Choice for You?
Deciding whether to rent or own a home is a significant decision that depends on various personal, financial, and lifestyle factors. To help you make an informed choice, we've outlined the key pros and cons of both renting and owning a property in Calgary.
2024 CRRA Community Service Award
Power Properties has been honoured with the 2024 Calgary Residential Rental Association (CRRA) Community Service Award.
Join Us for Power Properties' 3rd Annual Pancake Breakfast!
Join the team at Power Properties for our Annual Calgary Stampede Breakfast! Wednesday, July 10th from 8:30 AM to 11:00 AM.
How to Screen a Tenant in 3 Steps
One of the key functions you hire Power Properties for is tenant screening, but how do we do this? All of our tenants go through a rigorous three-stage, review, before being approved as a tenant. AI, the Property Manager’s Assistant and the Property Manager all play a role in evaluating the suitability of our tenants.
Calgary Real Estate: Challenges vs. Opportunities
May 1, 2024 - Calgary's real estate market is defying nationwide trends with an 11% year-over-year price surge and high demand fueled by inter-provincial migration and anticipated interest rate cuts. Despite challenges like bidding wars and cash flow concerns, there's still ample opportunity for savvy investors to capitalize on the market's growth, supported by rising rents and a promising ROI potential.