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Why Are Condo Fees So High in Calgary?

As realtors, we hear all the time how people are against owning a condo and the main reason is that they don’t want to pay condo fees. The intent of this blog is to help you understand where your money is going when you own a condo. 

Every condo in Alberta is made up of a condo corporation that has 10,000 unit factors. Your unit factor is your ownership in the condo corporation, just like owning shares in a company on the stock market.

Spring Market Update

After a small slowdown in the market in the second half of 2022, Calgary roared right back to life in 2023… well, in some ways.

The market is extremely tight with the lowest inventory we have ever seen. This means properties selling quickly, often in competing offers and often above asking price.

But because inventory is SO lacking, it has brought the number of sales down significantly. There is simply nothing to buy.

Should I buy a condo to Airbnb in Calgary?

Is a short-term rental right for you? Often referred to as an Airbnb, a short-term rental (STR) is a property that is leased for 30 days or less and charges a nightly or weekly fee. There are upwards of 800 STRs listed on Airbnb in Calgary and include all types of properties from single-bedroom shared spaces to fully detached homes.