New supply coming onto market is keeping prices in check, says economist
CBC NewsKarina ZapataCalgary has seen its first year-over-year decrease in asking rental prices since early 2021.
That's according to a new report by Rentals.ca and Urbanation, which said in September asking rents were down 1.1 per cent for one bedroom apartments and 2.6 per cent for two bedrooms compared to last year, to an average of $2,046 across all bedroom types.
While it isn't a big drop, it's still a significant change from what Calgarians have been seeing over the last few years.
"It's the first time we've see…
Continued...
0
Log In or Sign Up to add a comment.- 1
arrow-eseek-eNo items to display