University of Lethbridge Semester Break

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Real Estate Sales Representative with Robert W May - Lethbridge Real Estate

Lethbridge Real Estate - Student Housing

university of lethbridge

Photo: University of Lethbridge at sunset by Robert May

 

University of Lethbridge and the Lethbridge College attract thousands of students to the city each fall.  I believe the total number of students enrolled now is around 15,000 and I would estimate that at least half of those come from outside of the Lethbridge and move here just to attend school.

 

With this new influx in population the Lethbridge real estate rental market is strongly affected.  Rent prices shoot up and vacancy rates drop to absolute zero.  Literally every basement suite, duplex, apartment, house, or rooming house is full by the end of August.

 

For those who are arriving in Lethbridge at this time of the month they are probably already finding that the choices of accomodations are far below what they expected.  As a result of the scarcity of accomodations, landlords and property owners are able to be ultra picky about whom they rent to.  That translates into NO PETS and NO SMOKERS for almost all of my clients.  These landlords rightfully choose not to rent to tenants who have a lifestyle which increases the potential for damages to occur to the rental property.

 

If you are a smoker or have pets, you will discover that the local rental market is extremely unwelcoming.  This is unfortunate, but it is the truth. 

 

My lethbridge real estate brokerage, Rainbow Realty, does not handle public rentals anymore.  We do not assist tenants in finding properties.  We do however work with landlords and lawyers and assist in tenant negotiations and evictions.  This is something which no other property management company in Lethbridge has chosen to specialize in, so it is a niche market for us and something which we have a decent amount of experience at.

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Robert W May is a Real Estate Broker in Lethbridge Alberta, having now been in the industry for over 23 years. . He was also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta for the past 10 years.  He is an industry leader always willing to help train and educate others in how to improve their business models for financial and personal benefit.




 

 

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Rainmaker
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Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Robert, I don't think you're alone in the rental market. While I don't specialize with rentals either, I've noticed rentals are difficult to come by here and landlords can afford to be a bit more strict.

Apr 15, 2016 11:43 PM #1
Rainmaker
3,236,571
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Robert this seems to be the trend in rentals, for sale etc. when there is no inventory it effects everything....Endre

Apr 17, 2016 04:53 PM #2
Rainmaker
532,594
Robert May
Robert W May - Lethbridge Real Estate - Lethbridge, AB
Real estate consulting

Just wanted to thank you for the comments.  I always forget to thanks people, but I really do appreciate everyone who takes the time to comment or just say hello even.  Have a great week.

May 01, 2016 06:04 AM #3
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Rainmaker
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Robert May

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