New reports show cost of renting down in Calgary but up in Edmonton

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There’s immoderate bully news for Calgary renters pinch nan latest accusation connected rental rates successful Alberta showing nan costs of rental units successful nan metropolis has declined slightly.

However, renters successful Edmonton aren’t truthful fortunate pinch caller info showing nan costs of rentals successful nan superior metropolis are up, successful immoderate cases by double digits.

The October (2024) national rent study from rentals.ca shows nan costs of a 1 chamber portion successful Calgary successful October 2024 was $1692. — that’s down .9 percent compared pinch September 2024 and down 2.2 per cent compared pinch October 2023.

The value of immoderate two-bedroom rentals declined moreover more, pinch nan mean costs of $2074. down .9 per cent successful October 2024 compared to September 2024 and down 4.9 per cent compared pinch October 2023.

An summation successful nan number of listings whitethorn beryllium a large logic for nan decline, pinch nan latest rental study from rentfaster.ca showing a large jump successful nan number of rental units disposable this twelvemonth compared to last.

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The latest study from rentfaster.ca shows nan number of two-bedroom, one-bathroom rental units, disposable connected Oct. 14, 2024, was 8,939 —  almost double nan 4,597 units disposable for rent astatine nan aforesaid clip past year.

The latest rental marketplace study from rentfaster.ca shows nan number of disposable 2 chamber pinch 1 bath rental units disposable successful Calgary successful Oct. 2024 is astir doubled complete nan aforesaid period past year. rentfaster.ca

However, nan latest information connected nan rental marketplace successful Edmonton shows renters still facing immoderate large increases successful nan costs of renting.

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In October 2024, a one-bedroom rental successful nan superior metropolis costs $1,408. — that’s up 2.3 per cent compared to September and a jump of 10.1 per cent compared pinch nan aforesaid period past year. (October 2023).

A two-bedroom rental successful Edmonton costs $1,717 successful October 2024, up somewhat (.8 per cent) complete September 2024 and a jump of 8.7 per cent compared to October 2023.

The accrued costs of renting successful Edmonton occurring contempt a jump successful nan number of rental units available.

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The latest numbers show nan costs of renting in  Edmonton continues to summation contempt a jump successful nan number of units available. Global News

The latest numbers show the costs of renting successful Fort McMurray has besides declined: pinch a one-bedroom rental costing $1,240. successful October 2024, a diminution of 1.2 per cent compared to September 2024, but an summation of 2.7 per cent twelvemonth complete year.

The costs of a two-bedroom rental successful Fort McMurray dropped significantly, down 2.5 per cent successful October 2024 compared to past period and down 7.18 per cent twelvemonth complete year.

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