Latest / Calgary News Today | 2 Min News | The Daily News Now!
Canada’s Rental Market Shifts Regionally | Calgary News
Canada’s rental market shows a surprising twist: after 21 straight months of year-over-year declines, asking rents are finally dipping slower — and in some places, even inching up. June’s national average hit $2,033, a 4% drop from last year — the lowest June average in four years. While purpose-built units fell 3% and condos dropped 7%, the overall slowdown masks regional chaos: BC and Ontario lead with 5% drops, while Atlantic Canada bucks the trend with 5%+ gains — Nova Scotia now tops the list at $2,360. Smaller units (2-3 bedroom) saw the least decline, hinting at a complex, patchwork…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.