Calgary's already tight rental market expected to be squeezed even further in 2024 and 2025

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A sign advertises available rental accommodations at a house in Calgary.

If you're one of the many Calgarians struggling to find an affordable place to rent in the city, there may be some relief on the horizon — in 2026.If you're one of the many people struggling to find a place to rent in Calgary or the surrounding area, there may be some relief on the horizon — in 2026.

After jumping 14.3 per cent in 2023 to $1,695, the CMHC says the average rent for a two-bedroom unit is expected to increase again to $1,859 this year and then $1,922 the next.Adebola Omosola, a specialist in housing economics with the CMHC, says developers have been responding to the surging demand for housing in Calgary by ramping up construction to record levels in 2023.

"Industry sources suggest that the long-term rental supply shortages will continue to encourage developers to construct more purpose-built rentals for years to come," the

 

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