Is Calgary’s rent boom over? New data shows it could be

Calgary's rental market is experiencing a slowdown after significant increases over the past year. Recent data shows average rents for apartments and condos fell by 2% in September, marking the second consecutive month of decline. Calgary is now the 14th most expensive city for renters in Canada, with average rents at $2,049. In contrast, Edmonton continues to see rising rents. Experts suggest that Calgary's growing stock of new rentals may lead to further price drops, similar to trends observed in larger cities like Toronto and Vancouver.