Calgary Real Estate Area Index

Jim Sparrow
Royal LePage Solutions

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Royal LePage Calgary Royal LePage Solutions
#16, 11625 Elbow Drive SW,
Calgary, AB. T2W 1G8
Direct: (403) 703-2404
Office: (403) 252-5900
Fax: (403) 705-1960

Tagged : Calgary vacancy rate

There are currently 1 blog entries matching this tag.

Calgary Real Estate Rental Rates

Friday, December 18th, 2009 at 7:56pm. 1300 Views, 1 Comments.

Calgary Real Estate Rental Rates; Among the Highest in Canada

Calgary Real Estate Rental Falling behind only Vancouver, Calgary’s real estate rental rates are the 2nd highest in Canada. Average rents for a two-bedroom unit were just below $1,100, down $48 from the previous year.

We can expect these rates to drop a little further (but still remain in second place nationally) in the Calgary real estate rental market due to an increase in vacancies. The vacancy rate in the Calgary rental market climbed to 5.3% which is higher than the provinces average of 5.5% (a 3% increase from last year). Alberta isn’t the only one; eight out of ten Canadian provinces have experienced an increase in vacancy rates in October 2009.

So what does this vacancy jump mean for potential buyers and home…


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