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Canadian Economy and Markets

A Calgary rental listing blew up just days after it was listed online, showcasing just how dire the city’s rental market is right now.

The listing — for a three-bed, two-and-a-half-bath townhome in Northeast Calgary — was recently posted on Facebook Marketplace for $1,700 a month. Minutes following the post, messages started flooding in.

“So many people. Over 1,000 in three days. It’s just crazy,” said property manager Patrick McNamara.

Of those messages, 900 arrived in the first 24 hours.

Current and outgoing tenant Cori Alfreds has been living in the home for the past year and a half since moving to Calgary from B.C. She said she’s used to crazy rental markets in Vancouver, but this surprised her.

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“There’s a lot of people looking for a home out here,” Alfreds said.

Alfreds said many people have recognized the home from the ad, and simply stopped by at all hours.

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