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Alberta & Prairies  + Canada  + Apartments  | 
Alberta residential rent increases are climbing faster than those in other major Canadian markets.

Alberta Rent Growth Outpacing Rest of Canada

Alberta residential rent increases are climbing faster than those in other major Canadian markets, says a new report from and Urbanation.

Edmonton’s average rental rate for a one-bedroom apartment surged 19.3% to $1,312, while the two-bedroom average rate climbed 15.7% to $1,639. Calgary rent increases slowed down but the one-bedroom rate increased 9.7% and the two-bedroom cost rose 8% to $2,073.

Vancouver and Toronto rents, which ranked first and second in the country, have much higher rents on average. However, in most cases, their rates declined year-over-year.

Nationally, the average rent for a one-bedroom suite jumped 14.7% to $1,920, while cost of a two-bedroom unit increased 11.3% to $2,293.


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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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