Though rent growth in Canada slowed in 2024, tenants in some Alberta municipalities saw rental costs jump by two, three, and even six times the national average.
The average price for a two-bedroom unit in Canada rose 5 per cent this year, down from 8 per cent in 2023, according to the Canada Mortgage and Housing Corporations (CMHC).
The rental markets in Alberta’s largest cities have cooled off slightly as well, but in many smaller towns, where dedicated rentals have never been a large part of the housing supply, the trend is going in the opposite direction.
Using data from Alberta’s annual apartment vacancy and rental cost survey and CMHC rental market survey, Great West Media compared average rental prices for two-bedroom units in 75 towns and cities.
Half of the municipalities surveyed reported average rent increases of 10 per cent or more in 2024.
The town of Fort Macleod …