Calgary's Rental Turnover Survey - Reprinted from the Calgary Residential Rental Association

During January and February 2011, the Calgary Residential Rental Association partnered with our friends at CMHC to conduct our 5th Annual ?Turnover Rate Survey?. The data collected represents the turnover that occurred during the 2010 calendar year. Brenda Mullis, CMHC Business Analyst, Prairie & Territories Business Strategies, analyzed all of the data that was submitted by our members and then compiled the following report. I thank each of our members who took the time to participate and share their information for the benefit of all members. I hope you find it as helpful as I do.
? Gerry Baxter

Survey Objective
The purpose of this survey was to measure the turnover rate in rental apartment buildings in Calgary and the major reasons behind the turnover. This project was conducted in conjunction with the Calgary Residential Rental Association and Canada Mortgage and Housing Corporation. Overall Results The survey was sent to membership of the Calgary Residential Rental Association. Responses were received from 58 building managers (102 buildings) accounting for 10,223 apartment units across Calgary. Unit sizes ranged from bachelor apartments to three-bedroom suites. Out of the 10,223 units, managers reported approximately 4,320 units turned over in 2010 (January to December), resulting in a 42% turnover rate. Participants were also asked to report the three main causes of turnover. The first reason reported for the turnover was tenants were moving to a different rental building. The second reason was due to job relocation, and the third reason why tenants moved out was to either purchase a condominium or a house.

Individual Zone Results

Zone 1 Downtown: Zone 1 had a 43% turnover rate out of 2087 units reported. One and two-bedroom units accounted for most of this turnover. The main reasons for turnover in order of priority for the Downtown zone were: move to a different rental building; condominium-house purchase and job relocation.

Zone 2 Beltline-Mt. Royal: Zone 2 had a 31% turnover rate out of 663 units reported. One and twobedroom units accounted for most of the turnover. The main reasons for turnover in order of priority for turnover in the Beltline-Mt. Royal zone were: move to a different rental building; job relocation and condominium-house purchase.

Zone 3 Northhill: Zone 3 had an 13% turnover rate out of 184 units reported. One: and two-bedroom units accounted for most of the turnover. The main reasons for turnover in order of priority for the Northhill zone were: move to a different rental building; condominium-house purchase and eviction.

Zone 4 Southwest: Zone 4 had a 43% turnover rate out of 2,732 units reported. One and two-bedroom units accounted for most of the turnover. The main reasons for turnover in order of priority for the Southwest zone were: condominium or house purchase; job relocation and eviction.

Zone 5 Southeast: Zone 5 had a 52% turnover rate out of 995 units reported. One and two-bedroom units accounted for most of the turnover. The main reasons for turnover in order of priority for the Southeast zone were: condominium or house purchase and eviction.

Zone 6 Northwest: Zone 6 had a 39% turnover rate out of 2,266 units reported. One, two and three- bedroom units accounted for most of the turnover. The main reasons for turnover in order of priority for the Northwest zone were: move to a different rental building and job relocation.

Zone 7 Northeast: Zone 7 had a 44% turnover rate out of 1,050 units reported. One, two and three-bedroom units accounted for most of the turnover. The main reasons for turnover in order of priority for the Northeast zone were: move to a different rental building and condominium or house purchase.

Zone 8 Chinook: Zone 8 had a 43% turnover rate out of 176 units reported. One and two- bedroom units accounted for most of the turnover. The main reasons for turnover in order of priority for the Chinook zone were: condominium or house purchase; move to a different rental building and eviction.

Zone 9 Fish Creek: Zone 9 had a 90% turnover rate out of 70 units reported. One and two-bedroom units accounted for most of the turnover. The main reasons for turnover in order of priority for the Fish Creek zone were: move to a different rental building and eviction.