Calgary rental charges flatten in September, rise modestly in Edmonton

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Rental costs in Calgary have been comparatively flat from August to September, even amid excessive demand for locations to stay within the metropolis, a brand new report has discovered.

Rental market Liv.lease not too long ago revealed its month-to-month report on common rental costs for Calgary and Edmonton.

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It discovered common month-to-month lease in Calgary for a one-bedroom, unfurnished residence elevated about 0.6 per cent from August to September, reaching $1,728.

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For furnished residences, the common month-to-month lease declined about one per cent month over month to $1,978 for a one-bedroom residence.

Over the previous six months, nevertheless, common lease for a one-bedroom, unfurnished residence has trended upward from $1,576 in April — a rise of about 9 per cent.

Common lease in Edmonton elevated extra considerably in September from August, Liv.lease knowledge reveals.

For an unfurnished, one-bedroom residence within the metropolis, common lease elevated practically 4 per cent to succeed in $1,148 per thirty days.

In distinction, common month-to-month lease for a one-bedroom, furnished residence fell about 0.5 per cent to $1,496 in Edmonton.

But the six-month pattern for unfurnished, one-bedroom residences within the capital metropolis reveals stronger positive factors in rental prices.

Common month-to-month lease in September is up practically 10 per cent from April when lease averaged $1,044 a month.

Common rental prices in each cities stay lower than Vancouver and Toronto, Liv.lease knowledge reveals. In Vancouver, month-to-month common lease for a one-bedroom, unfurnished unit elevated practically two per cent from August to succeed in $2,438 in September.

Since April, common month-to-month lease for a one-bedroom, unfurnished unit elevated practically eight per cent.

In Toronto, common month-to-month lease for an unfurnished, one-bedroom unit additionally climbed practically two per cent from August to $2,361 in September. During the last six months, nevertheless, common month-to-month lease has grown the least amongst all 4 cities at slightly below six per cent.

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