The vacancy rate of rental properties in Calgary has increased due to greater supply of new homes.
Data from the latest census shows 12,526 vacant dwelling units, 3,211 more than a year ago. The vacancy rate is 2.6 per cent compared to 2.01 per cent in 2014.
There are also 12,998 units being built in Calgary, up 4,125 from last year.
Rent increases have eased as a result of the better supply levels.
Source REP: http://www.repmag.ca/market-update/calgary-rental-vacancies-increase-193788.aspx
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