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.
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.