Alberta Markets Continue on Skyward Trajectory in Push for Rental Housing, but Will It Last?

Increased Cost of Borrowing and Associated Premiums Could Ultimately Lead to Fewer Units

Emerald Hills Landing in Sherwood Park, Alberta, is a four-storey, 104-unit rental building constructed in 2022. (Michael Mulligan/Costar)

CoStar Analytics

June 26, 2023 | 1:45 P.M.

Last year, both Alberta markets extended their runs of year-over-year, peak-level rental housing starts.

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