Bob Truman, First Place Realty

I do not think there will be more demand for rentals as people sell their houses.  Think about it for a minute.  All first time buyers leave rentals to purchase homes(rental inventory up).  Investors purchase homes to rent them out (rental inventory up).  Move up buyers sell their lower end houses to first time buyers, thus creating another vacant rental for the former owners of the homes they move up in to(no change).  With all of the build up of rental inventory (not including the shadow condo inventory), the only thing that will drive up rental rates is mass migration into the city.  Is that still happening?  Rents are actually dropping and will continue to.  The future is not bright for residential or commercial landlords.  Speaking of commercial RE, when will the Bow be finished?

http://www.calgaryherald.com/business/real-estate/Apartment+rental+rates+dropping+vacancies+rising+Calgary+CMHC/3155959/story.html

And lets be honest Bob, how are owners going to become renters if they cannot sell their homes?  

No matter how you slice it, the average Joe gets the short end of the stick.

Latest update says: Moving into the Bow Q1 of 2012

What is the point in selling in Calgary?

Rents are currently more than most mortgages purchased before the boom.

And there still isnt much motivation to buy.  You can rent and get more house for less rent than owning.

Houses are still double their true value.

If a person making $100K a year is struggling, what about everyone else?

Outside of Vancouver, Calgary housing pricing is absolutely ridiculous.

It all comes down to what people will pay , and Toronto is a totally different market for rentals then Calgary. I rent and I have to say things have gotten way better here . There is better selection and good landlords are willing to deal on rent for great tenants. We moved into Inglewood  in march of this year . We pay 1700 a month for a gorgeous town home valued around 550,000.