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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.