CitySearch Journal

Property Management Blog

Condominium Insurance

Effective January 1, 2020, revised condominium governance regulations came into effect in Alberta. Condominium corporations must maintain insurance to protect common property and condominium units against loss from destruction or/and damage.The changes further clarify:The condomi...
Property Management Blog

Condominium Reserve Fund Studies – A Snapshot

A reserve fund report is a written document which outlines the findings from the reserve fund study which involves a physical inspection of the condominium’s depreciating property. Condominium corporations must establish and maintain a reserve fund to cover the costs of maj...
Property Management Blog

Cold Weather Reminder!

If you haven't had to turn your thermostat up yet, you will soon! Please note the following guidelines for your comfort, and the safety of all residents:When closed, ensure that windows and patio doors are locked to reduce draftsReduce the temperature on your thermostat ...

How to Select a Property Manager

We get calls every day about taking over property management files.   We strongly encourage you to do some front-end research when evaluating and selecting a PM company to use.  I am Lisa Hamielec, Citysearch Rental Network Inc.This video focuses on some key t...
Property Management Blog

20 Questions to Ask When Interviewing Property Managers

Choosing a property management company who will work in your best interests and who will fit best with you is very important! We have compiled a list of 20 questions that are good things to ask the property management companies that you are interviewing. By asking these questions...
Property Management Blog

2020 Security Deposit Interest Rate

The CRRA has just been advised that the interest rate payable on Security deposits for 2020 is 0%. The rate of interest to be paid on tenant security deposits by landlords, effective January 1, 2020, is 0%. Landlords must pay interest to their tenants annually at the end of each...
Property Management Blog

Calgary Q4 2019 Market Report

Citysearch has been the authority for providing rental statistics to corporations directly and through workforce globalization firms for Calgary and surrounding areas. We have just provided our 4Q2019 report. If you are interested in receiving this report, please email&...
Property Management Blog

Media Release: Homes under $500,000 moving to more balanced conditions

City of Calgary, November 1, 2019 – Sales activity in October improved by nearly 10 per cent compared to last year, driven mostly by improvements for apartment and attached product.New listings also eased, which helped reduce inventory levels and the oversupply in the ...
Property Management Blog

4 Home Hazards You May Not Know About

You have smoke detectors. Your doors have good locks. The bathtub has a slip-free pad. By all accounts, your home is a safe and secure place for your family to live.However, there are some hazards that many homeowners don’t consider or even know about. For instance:1. ...