Calgary rents increasing faster than anywhere else in Canada, report says yyc
While some advocates have warned about rent caps leading to a spike in reno-evictions, Keegan Calwell, an ACORN Eco-tenant Union member, said policy can be created to prevent unintended consequences.
Calwell, who rents in Kensington, was informed his rent for a two-bedroom apartment was going to jump $400 a month. He and his roommate started looking and found they wouldn’t save any money by moving. “It puts a lot of financial stress on an already tight budget,” Calwell said. “It just really adds to my stress and I hear that from everyone that I talk to. It pretty quickly comes up in small talk. It’s inevitable . . . Everyone’s feeling it. Everyone’s feeling frustrated.”Article contentThe data is for new rents, measuring recently vacated units with a new rent, not homes that are currently occupied or up for renewal, said Giacomo Ladas, director of communications for Rentals.ca.
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