A new report on Canada's rental rate hikes point to growing increases and records in Calgary amid a hot housing market that has no signs of cooling down.
Calgary continues to set records when it comes to rental rate hikes and vacancy rates — putting additional pressure on those looking to put a roof over their heads.which analyzed hundreds of thousands of listings last month to examine median rent prices across the 23 largest cities in the country.
Chen added a return to renting instead of owning, due in large part to higher interest rates, has also played a role in bringing down vacancy rates to lows not seen in almost a decade. “It’s extremely difficult. I’m a disabled, single mom so I live off of different social supports and this is my first year after leaving a shelter and abusive relationships. It’s been challenging for sure.”
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