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Number of Alberta's annual under-construction rental units jumps 40%

Expected slower population growth prompts some overbuilding concerns
4th Street Lofts in downtown Calgary is a recent addition to the market. Owned by RioCan and Western Securities, the 272-unit apartment tower was completed in September 2025 (CoStar)
4th Street Lofts in downtown Calgary is a recent addition to the market. Owned by RioCan and Western Securities, the 272-unit apartment tower was completed in September 2025 (CoStar)
CoStar Analytics
February 2, 2026 | 12:50 P.M.

Developers began construction on more than 18,000 rental apartments across Alberta last year, with more than 95% of those units in metropolitan Calgary and Edmonton.

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