Edmonton rent increases are highest in Canada

Connect with CBC News Online:

»»»»»»»»»»»»»»»»»»

[andg]

maybe this year, AB gov will run "don't move to AB" ad campaign🤣

[RSNDSQUIRREL]

2653$ a month for a 1 bed is absolutely disgusting.

[GrannySkeksis]

Man, in 2006 I paid $450 a month for a bachelor suite with a river valley view, all utilities included. I lived on Bellamy hill and I never felt unsafe, even the drug dealers that hung out on the stairs were polite and sometimes helped me down the stairs when it was icy. Now that area is very bad I heard which is unfortunate because I lived living there. That same apartment is almost $900 now and no utilities included. It’s insane how times have changed. Take me back to the days when public transit was safe and $12 an hour was enough to survive on

[NEHAMASTER-ffio]

Rent is only affordable when you can afford to pay it without cutting back on groceries etc. Even groceries aren't affordable. People who make $5000/month for them rent is affordable. People who make $1500/month. Rent is definitely not affordable. While the government thinks it's doable. Maybe the government should try living for $1500/month to say really how affordable is it?!

[Crowback]

100k... in 2 years is unfathomable increase.

[BenRipka-pm]

It's still way tf too high. Comparing ourselves to 2 of the most expensive cities in the world (Vancouver and Toronto) is no consolation.

[TheGIGACapitalist]

One of my friends is looking for a place to rent in Edmonton and she told me that the landlord told her there was over 200 people that had reached out to her about the listing.
The federal government has been doing all the wrong things for a long time in relation to housing. I'm going to make a video on the FHSA and how it's making things worse soon.

[electroslimeEN]

"below average" is not a goal post to reach. these price raises look insane

[nonasmyth]

I believe it's because we have the highest fastest rise in housing real estate costs in the country over last few years with our provincial and federal governments doing nothing to stop it. No low income housing projects only what's labeled affordable housing for incomes of 60, 000 and up and few provincial rent controls.

[WilhelmDrake]

The rents are just too damn hight! We have a homeless crisis!

[CatherineElizabethCharlesworth]

surprised that cbc doesn't have its comments turned off

[investined]

That cause all the bragging about how cheap it is to live in calagary and edmonton made people move there just like the rush to move to T.O & Vancity increased those prices

[j.w.]

Well, that terminates that idea about moving West to Calgary or Edmonton...not that I would want to live in "Diagolon country" anyway.

[Truthfullyk]

Here in Alberta, the tenancy agreement has no capping to rent increases during renewal. Also, the tenancy laws are followed according to the Landlords wish. We don't have much options since overall, the rent is lower than other provinces. We just have to deal with it unless Government takes some effort to make changes to the tenancy agreement. The only thing I learnt as a tenant was that if you are honest & pay your rents on time, take good care of the property etc, you get screwed more by Landlord since they will take advantages on good tenants. Be careful when you sign tenancy agreement & ensure the finer details are clearly understood.

[scott-richards]

people only do what they are allowed. to the price gouging at the grocery store to the rent and real estate gouging, when leaders let greed run amok, this is what happens. why are do we continually let those who control supply, purposely ensure, a much greater demand and thus more grotesque profiting. our leaders long ago should have had strict controls on not only prices, but construction, farming, transportation soto keep prices for Canadian's necessities always within reach. a complete failure of decades and decades of politicians and judges to defend the public against predatory greed. bill here, bill there and Canadians now struggle to eat and live. it's not right.

[ezflower-si]

Move to Alberta campaign gets reality checked lol.

[gcc]

Yes it’s inevitable for Edmonton to catch up to Calgary and Calgary will continue to catch up to Vancouver/Toronto.
1 City of Ottawa’s worth of new comers per year will do that.
They aren’t coming here to live in Moose Jaw.

[joehurd]

Paying $1600/month for a 2 bedroom basement in an old dilapidated house in a shiity community in Calgary. The landlord is a foreigner

[jinglejazz]

my family moved to Calgary in 1978. rents were high then, it was boom time, then in 82, the NEP came out and left the economy in ruins. vacancy rate went from .01% to 14% in two years. I signed a years lease and got both my first and last months rent free, save $800 in 1984 dollars, apartment on 24th floor, all utilities included. swimming pool, tennis court, sauna under ground parking all for $400 a month. moved to the 33rd floor and it was $425.00, that is until Shelter corporation bought the buildings, and jacked the rents, by that time I moved to Vancouver.

[firefox]

Maybe get rid of short-term rentals. Or, drastically limit them.