In Calgary, some condo owners cashing out as others climb in

Come springtime, Addie Laratta plans to list her Calgary condo. The monthly mortgage payments for her 1,400-square-foot unit in Skyview Ranch, in the city’s northeast, rose in 2023 from $900 to $1,600.

An “accidental” landlord, Ms. Laratta has been holding on to the property since 2018, as she first acquired the condo at the height of 2014 for about $325,000, shortly before Calgary’s economic downturn. “I paid high for it – I was very worried,” she says. “But with the situation now, it seems I won’t lose money. I’ll probably make my money back.”