Calgary rents increasing faster than anywhere else in Canada, report says yyc
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’s a common story for renters, especially in a city with a vacancy of 2.7 per cent, which is lower than the national three per cent average, according to CMHC. “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.”The 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.
Edmonton continued to be one of the most affordable cities in which to rent, ranking 31st on the list with a one-bedroom unit averaging $1,197, and 30th at $1,531 for a two-bedroom. Ladas said he does not expect rent in Calgary to hit Toronto and Vancouver levels, but said a big reason it’s increasing at this rate is due to folks moving to Calgary in search of cheaper living arrangements. Calgary experiencedThis advertisement has not loaded yet, but your article continues below.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘People are in dire situations’: Calgary mayor eyes energy bill fees - Calgary | Globalnews.ca“The model the City of Calgary currently uses to set local access fees may not be the most appropriate one in this volatile energy environment,' said Gondek. yyc
Read more »
‘Be a Budd’: Calgary goalie steps up for adaptive hockey program - Calgary | Globalnews.caLast season, Budd raised $5,000 to help send young people with physical and cognitive challenges to a SuperHEROS hockey tournament in Ontario. Now, he's upping the ante.
Read more »
New ‘Ride Ready Stations’ teach Calgary bus riders how to use bike racks - Calgary | Globalnews.caCalgary Transit has announced the launch of Ride Ready Stations aimed at empowering commuters to confidently use bike racks on buses.
Read more »
Calgary Enmax Customers Face Disgraceful Electricity PricesCalgary Enmax customers are facing exorbitant electricity prices, with the city raking in millions from high prices. The system is stacked against those on regulated rate options (RRO), who could be billed up to $200 million if they are the only remaining customer. Additionally, the franchise fee on bills increases as electricity prices rise, affecting all consumers, regardless of their contract type. This unfair policy hits those with financial difficulties the hardest, including many who cannot secure fixed-rate contracts due to poor credit ratings.
Read more »
Animal Alliance of Canada Responds to Concerns of Conflict of Interest in Parks Canada Procurement ProcessThe Animal Alliance of Canada has issued a response to the recent story regarding concerns of a conflict of interest in the procurement process by Parks Canada. The commentary challenges claims made in the article and emphasizes the importance of accountability and transparency in government policy development. The response highlights the concerns raised by Parks Canada staff and the lack of response from leadership, indicating a potential erosion of public trust. The Animal Alliance of Canada stresses the need for fair and equitable awarding of contracts and the adherence to standardized processes in government procurement.
Read more »