Rental rates have increased slightly along with demand.
Zonda Urban recently released its third quarter report finding overall vacancy fell 0.6 per cent for the period of July to September compared with April to June. The decline was even steeper year over year, dropping by 3.1 per cent compared with July to September last year.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
In turn, the average rent in a new wood-frame, one-bedroom apartment was $1,600 a month during the summer months, while a concrete, one-bedroom apartment was $1,828 a month.Article content Another tailwind has been a “noticeable” uptick in demand from out-of-province renters, students and international students, the report noted.
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