By David Alter
Nazem Kadri said the Calgary Flames expressed interest the moment he became an unrestricted free agent, but it was an “elaborate process” before he finally signed on the dotted line on Thursday.
“The patience definitely did me some good,” Kadri told reporters in a Zoom call Friday. “There were some decisions to be made.”
The Flames’ wild off-season took another dramatic turn Thursday when the team signed the coveted free agent to a seven-year, US$49-million deal.
Before the deal could be made official, Calgary sent forward Sean Monahan and a conditional 2025 first-round pick to the Montreal Canadiens for future considerations in a move to create salary cap space for Kadri’s contract.
“That’s part of the reason why it’s been taking so long,” Kadri said from Paris, where he is on vacation.
The 32-year-old Kadri was one of the biggest names available in free agency after an all-star season with Colorado that ended with the Avalanche winning the Stanley Cup.
The benefits of returning to Canada, where his NHL career started, and taking part in the ‘Battle of Alberta’ with the provincial-rival Edmonton Oilers were benefits to signing with the Flames, but what ultimately led him to sign was how close he feels the team is to winning a Stanley Cup.
“Ultimately, it’s about winning and that played a huge factor in me coming to Calgary,” Kadri said. “The time is now and it certainly can be close with the moves we’ve made and me hopping on board.”
The 31-year-old Kadri had 87 points (28 goals, 59 assists) in 71 games for the Avalanche in 2021-22. He added 15 points in 16 playoff games, including the overtime winner in Game 4 of the Stanley Cup final against Tampa Bay.
That was his return to action after being injured in Game 3 of the Western Conference final after being hit from behind by Edmonton forward Evander Kane.
Kadri’s addition capped a wild off-season for the Flames that saw star forward Johnny Gaudreau walk away in free agency.
The Flames’ leading scorer last season (115 points), and a finalist for the Hart Trophy as league MVP, Gaudreau informed the Flames before the start of the free agency period that we would not be re-signing with the Flames in a desire to move closer to home.
The New Jersey native signed a seven-year, $68.25-million contract with the Columbus Blue Jackets when free agency opened on July 13,.
Calgary was then informed that forward Matthew Tkachuk, who had a breakout season with 42 goals and 104 points, would not sign a contract extension after the upcoming season.
What looked like a potential nightmare for Calgary started to turn around when the Flames dealt Tkachuk to Florida for a package that included forward Jonathan Huberdeau, who had 115 points last season, and defenceman Mackenzie Weegar.
The Flames then locked up Huberdeau long-term with an eight-year, $84-million contract extension.
“It’s alarming to anybody when you lose players of that magnitude,” Kadri said. “But I think Brad (Flames GM Brad Treliving) has done a great job getting some return and valuable players.”
This is not the first time the Flames have tried to add Kadri to their roster. The Flames attempted to acquire him from the Toronto Maple Leafs in 2019, but Kadri used the no-trade clause in his contract to veto the deal. Kadri was then traded to the Avalanche on July 1, 2019.
“I didn’t see myself leaving (Toronto),” Kadri said about the situation. “That had nothing to do with the city of Calgary or the organization, I just wanted to stay where I was.
“It’s important for me to clarify that. I think it’s important because I’ve always admired the city of Calgary and Canada in general. I’m a Canadian boy. I love playing in Canada but it’s certainly ironic, but it was always a team that was on my radar.”
Kadri was selected seventh overall by Toronto in the 2009 NHL draft and has 512 points (219 goals, 293 assists) in 739 career games with the Maple Leafs and Colorado.
The London, Ontario native has yet to have his day with the Stanley Cup, but his plans include taking it to his hometown.
He also said he’s going to bring it to Toronto, where he spent his first eight NHL seasons.
“I’ve done a lot of growing up in that city as well and there’s been lots of supports of mine there,” he said.
This report by The Canadian Press was first published Aug. 19, 2022.
Hot rental market makes search ‘stressful’ for many — and it won’t get better soon
Marissa Giesinger is pictured in Calgary, Thursday, Sept. 21, 2023. On the hunt for a rental home in Calgary over the last six weeks, Giesinger and her boyfriend trawled through listings morning, noon and night, only to find most come along with dozens of applications and a steep price tag. THE CANADIAN PRESS/Jeff McIntosh
By Tara Deschamps in Toronto
On the hunt for a rental home in Calgary over the last six weeks, Marissa Giesinger and her boyfriend trawled through listings morning, noon and night, only to find most come along with dozens of applications and a steep price tag. As an added difficulty, many landlords are unwelcoming to the couple’s brood — dogs Kado and Rosco and a cat named Jester.
“We made the tough decision recently to house our dogs with someone else until we can find a place that’s affordable and we can take both of them,” said Giesinger, a 23-year-old Mount Royal University student.
“It’s definitely been stressful.”
The competitive rental market Giesinger has encountered in Calgary is being seen across the country as multiple factors combine: high interest rates deter buyers and add to rental demand, still-high inflation is squeezing renter budgets, there’s an undersupply of purpose-built rental units and population growth is fuelling demand.
These conditions have left prospective renters feeling even more frustrated than usual by sky-high rents, the frenzy of interest that surrounds any affordable listing and the litany of demands landlords can make when so many people are interested in their home.
Giacomo Ladas, communications director for Rentals.ca, calls it “almost a perfect storm” — and it isn’t likely to ease up any time soon.
“What this does is create such a burden on this rental housing market that even though we’re out of the (busy) summer rental season, there’s so much demand that (these conditions are) going to continue like this until the fall and into the winter,” he said.
Data crunched by his organization and research firm Urbanation.ca shows average asking rents for newly-listed units in Canada increased 1.8 per cent between July and August and 9.6 per cent from a year earlier to reach a record high of $2,117 last month.
Between May and August, asking rents in Canada increased by 5.1 per cent or an average of $103 per month.
When Giesinger rented a two-bedroom basement unit with a roommate a few years ago, the duo paid $1,000 per month, but now she routinely spots “super tiny,” one-bedroom places for $1,350 a month.
“If you want a basement suite or an apartment, you’re looking at minimum $1,200 and that doesn’t include any utilities or anything like that unless it’s a super rare listing,” Giesinger said.
Rentals.ca data show newly listed one-bedroom properties in Calgary priced at an average $1,728 per month in August, up 21.6 per cent from a year earlier. Two-bedroom homes have climbed 17.4 per cent to $2,150 over the same period.
The picture in Vancouver and Toronto is far bleaker. Rentals.ca found the cities had the highest rents in the country.
Newly-listed one-bedroom properties in Vancouver averaged $2,988 in August, up 13.1 per cent from a year earlier, while two-bedroom units hit $3,879, an almost 10 per cent increase year-over-year.
Newly-listed Toronto one-bedroom homes averaged $2,620 in August, up almost 11 per cent from the year before, while two-bedroom properties had a 7.1 per cent rise over the same time frame to $3,413.
It’s numbers like these that have convinced Kanishka Punjabi to abandon her hopes of moving in the near term.
“Two days ago, I gave up on my search because the rental market is that bad,” she said.
The public relations worker has been living in Mississauga, Ont., but felt it was time to find a home in downtown or midtown Toronto, closer to where she works.
However, few of the two-bedroom homes she spotted in her two-month search were within her $2,800 budget.
For example, one apartment she liked at the intersection of Yonge and Eglinton streets had 25 offers in just over a week.
“Some people actually just sent in their offer without looking at the apartment too because there are so many people who are in desperate need of rental units,” said Punjabi. “There’s just not enough.”
The Canada Mortgage and Housing Corp. has projected that the country needs to build 3.5 million additional homes beyond what’s planned before the market reaches some semblance of affordability.
It also calculated that the annual pace of housing starts — when construction begins on a home — edged down one per cent in August to 252,787 units compared with 255,232 in July.
Despite the nudge down, Rishi Sondhi, an economist with TD Bank Group, said it has been a strong year for starts because the industry is responding to elevated prices by building at a robust pace.
But between population growth and rising interest rates, he said, “supply is struggling to keep up with demand” and that’s bound to weigh on renters for quite some time.
“In the short term, it would be unrealistic to expect too much of a reprieve simply because population growth is likely to remain strong through the duration of this year — and that’s really one of the big fundamental drivers,” he said.
“In addition, it’s unlikely to expect affordability in the ownership market to improve too much either because we think the Bank of Canada (key rate) is going to be on hold for the remainder of the year, but there is some risk that they take rates even higher, especially if inflation doesn’t co-operate.”
For renters like Giesinger that message puts even more pressure on her to settle on a place soon.
“Now I’m scrambling to find the money for a deposit and we’re still never really sure like what kind of place we’re going to get,” she said.
“And when you’re battling dozens of other people for a rental it can be super stressful.”
This report by The Canadian Press was first published Sept. 24, 2023.
UCP asks Albertans to consider an Alberta Pension Plan
News release from the United Conservative party
The government is eager to hear your views. To find more information, and participate in a survey, tap the button below.
Albertans deserve a pension plan that reflects their hard work and earnings, and it is up to Albertans to decide which pension plan that is.
-Your UCP Team
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