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Edmonton joins push to preserve aging apartments as affordable housing

City fund helps nonprofit groups buy rental buildings
Edmonton has launched a program to help non-profit groups acquire apartment buildings and preserve affordable housing. (Michael Mulligan/Costar)
Edmonton has launched a program to help non-profit groups acquire apartment buildings and preserve affordable housing. (Michael Mulligan/Costar)
CoStar News
September 9, 2026 | 7:43 P.M.

A growing movement that favours preserving aging apartment buildings to bolster affordable housing is spreading across Canada, with the city of Edmonton becoming the latest government to launch an investment fund to help nonprofit groups acquire rental properties and keep rents below market levels.

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