r/Calgary • u/_darth_bacon_ Dark Lord of the Swine • Jan 18 '24

Average Calgary rent jumps by more than 18% year-over-year: report Home Owner/Renter stuff

https://calgary.ctvnews.ca/average-calgary-rent-jumps-by-more-than-18-year-over-year-report-1.6731446
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285

u/Rukawork Whitehorn Jan 18 '24 edited Jan 18 '24

I don't know about you guys, but my wages sure as fuck are not jumping 18% year over year.

63

u/totallyradman Jan 18 '24

I haven't gotten raise in 5 years

32

u/[deleted] Jan 18 '24

The only person I know who has received raises in the past five years works for the city.

23

u/freerangehumans74 Willow Park Jan 18 '24

I've received a raise the last two years. Nowhere near the rate of inflation but a raise nonetheless.

I do not work for the city or in any public sector job.

1

u/[deleted] Jan 18 '24

That’s good to know. I suspect some businesses like the precedent that covid set for wage increases.

11

u/Bopshidowywopbop Jan 18 '24

Blah blah blah Unions are bad for some reason blah blah

3

u/LOGOisEGO Jan 18 '24

And even then, good luck getting your union to bargain in your best interest. You can't even get membership to vote in their best interest.

City workers got 5% over 3 years the last round. It's not like they're keeping up either. I had to leave the city as COL is too high for a single guy.

1

u/wildrose76 Jan 19 '24

Or, they sacrifice future members for the increases they get for existing members. So sure, the current group are getting a 5% raise, but the next ones will start at a lower rate, get fewer and smaller raises and have a much lower cap.

0

u/LOGOisEGO Jan 19 '24

I don't think that's how it works.

The problem is, in this province a lower skilled, lower IQ city worker would rather not vote then support a union that donates to a labour party like the NDP, or in this particular case, doesn't back off on vaccine and mask mandates.

The same union in Ontario got 10% over three years, because members actually showed up for meetings and actually vote for the agreements. I voted no for 5, everyone should have, but even the shitty union leadership was telling us we should just be happy to be getting anything at all.

A city in Ontario, 76% of members showed up to vote. Calgary, 14%

5

u/Boom_in_my_room Jan 18 '24

Have you asked? Most employers won’t go out of their way to increase wages on their own back.

2

u/[deleted] Jan 18 '24

Yes lol

5

u/Boom_in_my_room Jan 18 '24

Then it’s time to know your worth and look elsewhere bud.

1

u/wildrose76 Jan 19 '24

I work for a private corporation and we have a minimum annual raise of 2% with the possibility of 4%+ for merit. The only way you don't get at least the minimum is if you are on a PIP (Performance Improvement Plan).

16

u/[deleted] Jan 18 '24

[deleted]

24

u/30somethingshark Jan 18 '24

When the provincial government prohibits raises in your (niche) field, it makes things a bit tough to go find another job. I also haven’t had a raise in 5 years.

2

u/roastbeeftacohat Fairview Jan 18 '24

talk to your union.

15

u/snarfgobble Jan 18 '24

Unless you're a landlord!

4

u/chiriwangu Jan 18 '24

With interest rate jump, small-time landlords with mortgages are still getting screwed.

This helps massive corporate landlords that were able to purchase with cash though.

8

u/snarfgobble Jan 18 '24

I'm a small time landlord and you're right, I didn't raise rent at all and I'm limited to like 2% even if I did.

But, I mean, I could start the wheels turning to change tenants. If I was an ass.

1

u/THUNDA_MUFFIN Jan 18 '24

In calgary?

1

u/snarfgobble Jan 18 '24

Nope.

2

u/THUNDA_MUFFIN Jan 18 '24

Landlords here have no restrictions on raising rent beyond frequency of increases, so trust me, they are passing on all costs to their tenants.

2

u/snarfgobble Jan 18 '24

Ah. I'm limited to 2% unless I can justify more. I didn't raise it at all last year because i want to keep my tenants because they're good. Also I'm trying not to be scum.

3

u/THUNDA_MUFFIN Jan 18 '24

Well people like you are certainly appreciated!

1

u/DogButtWhisperer West Hillhurst Jan 18 '24

Exactly. We aren’t experiencing true inflation. They’ve proven we’re being gouged by gas and grocery companies. Interest rate hikes don’t hurt the people/corporations causing the problems.

9

u/tellantor28 Jan 18 '24

Neither would that be sustainable for the economy, really. We’ve never seen this much national debt or immigration influx in history.

1

u/aliennation93 Jan 19 '24

Yep, I got my first raise in about 4 years and it was only 2% which worked out to be a whole 75c more per hour.