Rental vacancy at lowest levels since 2014, affordability gap grows: CMHC yyc
The Beltline is the only Calgary zone that saw vacancies increase, to 5.1 per cent, but it is also the zone with the highest concentration of units and the CMHC expects the rate to drop again.
For families looking for a rental property, the market got even tighter over the past year. Townhouses fell from 2.9 per cent vacancy in 2021 to one per cent in 2022. According to Rentals.ca, year-over-year, average rent in December for a one-bedroom in Calgary was up 20.2 per cent , and 17.8 per cent for a two-bedroom. Still, Calgary was ranked 25th out of 35 cities for average monthly rent. It also had average rents in purpose-built and condo apartments at $1,816 per month, an increase of 22.6 per cent. Toronto had the highest average increase at 22.7 per cent.
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