Alberta’s booming rental market braces for change
Over the past two years Alberta’s purpose-built rental market has bloomed, driven by international and interprovincial migration.
To meet the demand from a steady influx of newcomers (Alberta’s population has expanded by 4.36 per cent since July, 2023), an unprecedented 30,364 purpose-built rental units broke ground between the first quarter of 2022 and the third quarter of 2024 in the prairie province. Roughly 95 per cent of these units are concentrated in Alberta’s largest cities, Calgary and Edmonton.
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