“We are getting emails from residents -- their rent is going up anywhere from $300 to $600 a month. That is high and well above the cost of inflation, even with rising interest rates.” YYC
A Calgary city councillor is raising the alarm on rapid increases in rents around the city.showing a more than 25 per cent increase in rents for a two-bedroom rental year over year in March.“We are getting emails from residents — their rent is going up anywhere from $300 to $600 a month. That is high and well above the cost of inflation, even with rising interest rates.”According to the national rent rankings compiled by Rentals.ca, one-bedroom rentals in Calgary also jumped, by 23.
Edmonton rents jumped by 5.5 per cent for one-bedrooms and 10.7 per cent for two-bedrooms, the national rent rankings show.Calls to housing providers have increased three fold. It's time for the province to step in with rent cap increases to prevent the furthering of a housing crisis.
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