Calgary tenants shocked by heavy rent increases

In the face of exorbitant rent increases, some Calgary tenants are opting to move back with their parents while they save up for a down payment.

In November, Paxton Porter and his fiancée found out the rental rate for the two-bedroom apartment they’d been leasing since 2020, would be going up by 83 per cent. “In Alberta there are no restrictions on how much a landlord can increase rents,” Mr. Porter says. “So it’s totally up to them; the only thing they have to do is give you notice.”