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Calgary Average Rents Flat
A turnover survey done in
conjunction with the Calgary
Apartment Association showed that
the primary reason for rental unit
turnover was a movement towards
homeownership. With condominium units becoming more
affordable, the spread between
renting and owning has narrowed.
With vacancy rates projected to
drift higher, landlords will want to
hedge the risk of higher vacancies by
limiting their rent increases. In
October 2007, the average twobedroom
rent was $1,089. It is
projected to rise to $1,140 by
October 2008 and move up
marginally to $1,150 by October
2009.
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