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Edmonton Joins Calgary as North American Standouts for Multifamily Rent Growth

Driven by New Arrivals, Multifamily Developers Can’t Build Enough Units
Calgary's Mission neighbourhood along the Elbow River (Jake Cupit/CoStar)<br>
Calgary's Mission neighbourhood along the Elbow River (Jake Cupit/CoStar)
CoStar Analytics
April 16, 2024 | 3:59 P.M.

The Western Canada multifamily rental markets of Calgary and Edmonton are, by far, recording the highest level of annual rent growth in all of North America. Calgary posted an average annual increase of 8.2% and Edmonton was just behind at 7.5%.

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