According to the latest National Rent Report by Rentals.ca and Urbanation, Edmonton is ranked 31 on a list of 35 cities in terms of monthly average rent. In 2023 the average monthly rent in Edmonton in July for a one-bedroom was up 12.8 per cent and up 11.5 per cent for a two-bedroom from previous years.
When asked if a rent cap across the country is something his party is interested in implementing, Singh said it is something they can “absolutely look at.” But said it is not a solution on its own.Article content We need to build more homes rapidly and we need to build more homes that are not in the market, so not-for-profit cooperative community based,” said Singh.
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