Taylor Pardy News Today

Edmonton's steadily rising population is coming head-to-head with a strained housing market, in which the cost of buying a home has become too high and the supply of rental units has hit its lowest point in a decade.

Demand for lower price new and resale condominiums will drive sales.

The average cost to rent a two-bedroom apartment hit $1,695 per month in 2023, a 14.3 per cent increase from the year prior and the highest year-on-year jump nationwide, according to a new report.

A new report suggests Calgary is seeing the highest yearly rental increase amongst all Canadian cities as vacancy rates continue to decline.

Bosa Development brings on the second tower at Arris, in East Village, with condos for sale.

Rent in Calgary grew at a rate not seen since 2007, according to the Canada Mortgage and Housing Corp.s annual rent report.

A new report suggests Calgary is seeing the highest yearly rental increase amongst all Canadian cities as vacancy rates continue to decline.

After a difficult year for Calgary renters, many are hoping for some relief in the rental market this year — but experts are warning 2024 will likely come with anything but.

Boomers, born in the 1940s and 50s, are staying in their homes longer. They also own about 41 per cent of all homes in Canada.

The trend for older people to move into rental, condominiums or other downsizing options has not been as pronounced over the past decade.