Quote:
Originally Posted by Harry Lime
Just checking rentfaster in the Calgary and surrounding area, rents have increased 30+% in the last year. Basement suites are going for 1200+ on the low end. We are right in the middle of the spike, and there's no guarantee of reduction if housing stabilizes.
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Doesn't surprise me. Calgary was likely delayed due to stagnation caused by decreased oil prices. Now with the combo of overflow from other cities and oil prices rising, lack of rental affordability could hit Calgary hard.