Isn't renting less secure than home ownership?

This sort of depends on the nature of the property that you choose.  If you rent a 60 year old bungalow in Altadore, you can be pretty sure that lease will be short term because the property will soon be redeveloped.  At LIVE33ST, the building was designed from the outset to be fully leased, permanently.  This means the use of the property is stable vs a possible development site, or a single house where the owners may intend to return and occupy or renovate.  For the right people, we can offer a long term, stable housing solution and extendable leases.

How can I raise a family if I don't own?

There are many good school options nearby, from public and private elementary schools all the way up to Mount Royal University.  You can put down roots in Killarney if that is where you want to live with your family without buying property.  You may even find that leasing is a better financial option that enable a better lifestyle in a great Killarney location that would otherwise be unattainable.  

What are the terms of the lease?

What about parking?

Isn't home ownership the best path to financial security and wealth?

Is rent just paying off someone else's mortgage

We will provide a typical lease in accordance with the provincial legislation regarding rental properties.  Contact us for further details.

There are three individual enclosed garage bays with a power door and remote.    Use of the garage is optional.  The LIVE33ST project is located within the K1 parking zone, that means you must have a parking tag on your car to avoid a ticket.  The good news is that this makes sure there is no overflow parking from the nearby train station clogging up the streets near your house.  LIVE33ST is in one of the rare Calgary communities where car ownership is optional.

Buying a home was a great idea when you could buy a detached home in a new suburb in SW Calgary for less than $300k.  The housing market is a lot different now than it was 20 years ago.  Property taxes and repairs can be a significant annual outlay for home owners.  A new semi-detached home in Kilarney will have a monthly tax bill of $500 or $6000/year, that pays for a lot of rent.  See our 'why lease' page for more info on alternative paths to financial security without owning your principal residence.

Rent is a fee for a service provided, in this case, the service is shelter.  Whether or not the cost of the rent is justifiable is a decision each person must make for themselves.  There is considerable evidence to suggest that renting can be a better financial decision than a costly mortgage.  Most property 'owners' are really renting from the bank, at least until that 25 year amortization is complete.