Why rents are so high in Calgary

Rents in Calgary are rising rapidly due to the financialization of housing, pushing tenants like Kim Gillespie to struggle with increased costs. The falling rate of homeownership has led to a surge in rental demand, pricing out vulnerable individuals. Government policies favoring homeownership have exacerbated the situation, causing a decline in homeownership rates across Canada. Calgary's population growth, driven by newcomers, has further strained the rental market, with insufficient housing starts to meet the demand.