Is Calgary's rent boom over? New data show it could be

Calgary is now the 14th most expensive city in Canada for renters

After more than a year of boiling-hot rent increases, Calgary’s rental boom has reached a simmer in recent months.

Is Calgary's rent boom over? New data show it could be Back to video

Calgary is the latest major Canadian city to see average rents decline from record peaks — and large additions to its stock of new purpose-built rentals could mean the steepest increases are likely behind the city, one expert says.

Average rents for apartments and condos in Calgary tumbled two per cent in September, according to Rentals.ca, the second-straight month the city has seen its average rent decline. August’s one-per-cent decline was the first time since February 2021 rents in Calgary had declined.