Calgary's apartment market has quickly become a battleground in the competition for renters

Calgary is one of the most under-pressured multifamily markets in Canada. New projects continue to break ground at a record pace. As of May, over 10,500 rental apartment units were under construction, breaking the market record at the time. The total number of units under construction has since climbed even higher to 11,500, according to the Canada Mortgage and Housing Corporation.