Rent in Alberta continues to climb, though it’s nowhere near the highest in Canada

A new report suggests rental prices in Alberta are continuing to climb higher despite prices in other areas of Canada beginning to stabilize. According to the June 2024 rent report from Urbanation and Rentals.ca, average asking rents for all residential property types in Canada hit an all-time high of $2,202 in May, surpassing the $2,200 level for the first time. The report says rents in Alberta, Saskatchewan and Nova Scotia continued to drive the majority of annual rent inflation for apartments