Anshu Arora LLM, MSc, PMP

The Calgary real estate market set another record for sales in June and benchmark prices ticked up for the sixth consecutive month as persistently low inventory levels kept conditions tight by historical standards.

The total number of units sold in June was 3,146, slightly surpassing the previous month’s figure of 3,121, the Calgary Real Estate Board (CREB) reported on July 4. The rise in sales was primarily driven by apartment condominiums, which jumped to 857 units, a 48 per cent increase compared to the previous year. While new listings rose compared to the previous month, they remained 36 per cent below last year, the lowest point for June in almost two decades. Although average prices experienced a slight decline, both median and benchmark prices grew slightly, rising by 0.59 per cent and 1.38 per cent, respectively.

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A new rental report has revealed that the average asking rent in Canada rose 20% in April for all property types to an average of $2,002, compared to $1,662 at the same time in 2021. This means tenants nationwide are spending an additional $340 per month on rent. Year-over-year (YOY) rents have also spiked across the nation.

Provincially, Nova Scotia saw an eye-popping 30% increase in rent for three-bedroom apartments. Nationally, Canadian apartments were the top rental housing type to see significant increases (+12.9% YOY), followed by houses and townhomes (+6.4% YOY), and finally, condos (+3.7% YOY).

One-bedroom apartments and condos clocked in at $2,823 (+15% YOY), and two-bedroom units cost a terrifying $3,816 (+14% YOY) monthly rent as of May. Vancouver takes the cake for being the most expensive city in Rentals.ca’s research. Studio units saw the most considerable year-over-year increase (24%) with a median rent of $2,471.

Toronto maintained the second-highest rent increase in April, with one-bedroom homes coming in at $2,526 (+20.5% YOY) and two-bedrooms at $3,290 (+18% YOY) per month on average. Studio apartments saw the biggest rent increase among apartments and condos, with an average of $1,996 (+21.2% YOY) in May. One-bedroom apartments went up 20% year-over-year as well, averaging $2,538. Rent for three-bedroom apartments saw the lowest increase, staying under Vancouver’s $4,000+ range at $3,791 in May, too.

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Companies that measure their intellectual capital can use it to: 

• Create more value
• Improve products and services
• Drive sales and growth 
• Increase efficiency
• And, deepen customer and partner relationships

That last point is key. Managing intellectual capital well can actually create more intellectual capital.

Intellectual assets include:

• Knowledge and skills of individual team members
• Research and innovation capabilities
• Organizational structure
• Information systems
• Any other intellectual property created by the company

Intellectual capital also includes strong relationships with customers and strategic partnerships with other businesses. It can also cover product development, any innovation or discovery made by the company, and any patents or copyrights that it owns. Original research and investigations also contribute to a company's intellectual capital. So do any data generated by the research. The impact of intellectual capital should not be underestimated. It can inform your decision-making processes and help you create strategies that improve your business. Building intellectual capital can improve business performance by contributing to the knowledge economy.