Edmonton rent increases are highest in Canada
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- Опубликовано: 17 мар 2024
- As the cost of rent rises across Canada, a new report from Rentals.ca suggests Alberta's biggest cities are leading the pack. For the second month in a row, Edmonton has seen the highest levels of rent inflation among major Canadian municipalities, with Calgary posting the second-highest rate. CBC’s Emily Fitzpatrick takes a look at what's behind the surge.
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maybe this year, AB gov will run "don't move to AB" ad campaign🤣
Or maybe something like "consider moving to Saskatchewan"
Calgary has no job now, you can search it online , IT job, banking and better jobs are all gone, very few and high competition. Ppl cannot find a job, they have to leave eventually.
Maybe running non stop "Alberta is calling" ads was a bad idea.
L berta
@@NicodemusT can't spell Alberta without an 'L'
It's literally immigration from other country's has nothing to do with born Canadians migrating to different provinces
They only ran that campaign cause Kenny was having a wage war with the Doctors, and they were talking of moving away.
So he started having his "war room," pump out ads to try and counter.
Instead, the housing market ran up in price.
Totally. North America was sold to Europeans, and the First Nations weren't consulted.
2653$ a month for a 1 bed is absolutely disgusting.
I’d say. That’s a lot for just 1 room, Just One!
@@mistahzeddtheabbasavant5368 No, that's one bedroom, living room, kitchen, and bathroom; may also include storage room.
I had Laidley property management since 1997 and my places would sit empty for years on end. All the places I owned I paid cash and still at the end of every month had negative cashflows.
The most disgusting thing is the exorbitant rise in rents and housing prices since covid. Pure greed in my opinion. Before was bad and we need mass public housing for even the middle class for sure to compete to lower prices against private units, but, rents and property prices need to start plumetting to pre covid levels just for a start. Dont give in, keep pressing the market down, we need to be able to afford to eat and have reasonable lives. We cannot sustain the economy off a poverty stricken middle class. Just my opinion.
@@parkerbohnnExactly being too greedy and nobody will rent. Much better to charge a reasonable rate tenants can afford a decent lifestyle on and have stable income in my opinion.
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?!
Whose making 1500 cad per month? That's below min wage in alberta assuming you work 35 hours per week
Yea I don't think expecting people to live off of $1500 is realitic unless they're living at home. If you want to be able to support yourself you need to be full time even if it's as a cashier. Even minimum wage is $2600 per month and take home won't be a ton lower as you barely get anything taken off at that income level.
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
Those days are done like dinner, Granny. New agenda being rolled out. The old ideas, old economy must be flushed down the memory hole.
I don't know $900 still sounds amazing to me.
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.
Federal, provincial and municipal.
They all share the blame, elitists who earn far too much money to understand the troubles of ordinary working class Canadians, no politician fears food or rent.
There is the problem, they earn far too much, have too many perks and can craft legislation to better benefit themselves.
So what. I could have 200 people contact me for a car selling for 50k worth 20k, doesnt mean all 200 will buy or any will buy. Dont fall for that, just be firm on our need to be able to afford to live and be treated with respect as people.
It's always been that way for a really nice place lol not new
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.
Vancouver ranks 116 globally for cost of living. Or is Canada the whole world for you?
100k... in 2 years is unfathomable increase.
Alberta has no rent cap which can increase as much as it can. It is not safe to rent in Alberta. If the rent goes up so much each year, it will
Not fun to move again . I will not move to Alberta .
In the past they needed rent control to protect the owners from losing their shirt from falling rents.
"below average" is not a goal post to reach. these price raises look insane
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.
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
rent needs to be capped at $750
Non sense, in this case I can’t even recover my monthly expenses for my condo, I am talking about mortgages, property taxes and condo fee
You can't buy a place for $750/month. Who's going to subsidize you renting for that price?
Rent caps are communism so no
@@ladyjade6446
Rent caps = the building either gets sold or left to crumble.
Then house should be capped at 200k
Well, that terminates that idea about moving West to Calgary or Edmonton...not that I would want to live in "Diagolon country" anyway.
Diagon alley 🪄
Work, yes. But in the city a lot of companies and convention setups used Agencies, who scooped your justifiable 28 an hour billing and gave me 11. plus deductions. I lived in my truck in summer. don't do it. there's nothing to DO in Calgary , Red Deer, or Edmonton other than work and screw bored housewives whose husbands are in "the Patch".
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.
Price control does not work unless you don't mind shortages and high prices (anyway) for whatever's left.
The rents are just too damn hight! We have a homeless crisis!
Taxes are cheap? 😂
Still far too high, far too high.
Welcome to Canada, Alberta is last; or close, but Angervatives begged Canadians to move here. P.S. They're mostly not angervatives so relying on oil & God may be coming to an end. But, it would also mean taxes, plus enforcing "laws" without media forcing aforementioned laws. I'm talking traffic, noise, etc. Not encampments no Canadian party has a fix for. I'm disabled & poor, but asylums should be brought back. With more oversight. Won't be perfect, & may affect me, but police not being able to enforce laws is dumber than my 8 proven things wrong via health-scare Canada; so, I have 20. ;)
Don’t leave Alberta if you think taxes are high here !
@@user-gj8mn4ce8d oh, plan is to leave Canada. Sinking ship.. taxes are back breaking
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.
Free country, this is how it should be. Government has no business in deciding rent for my property.
Does this really happen? I’ve been a landlord and was incredibly grateful for my good tenants. We had a wonderful relationship and I didn’t raise the rent in the 7 yrs she was there bc she made renting to her so easy! But I hear all these horror stories about bad landlords and bad tenants which is so unfortunate
@@foxxycleopatra615 I just paid the Landlord the money to fix the garage door since she said that I had caused the damage even when I had the clear evidence that it failed due to no proper maintenance done. When I argued the Tenancy clause stating the I am not liable & also upon taking legal advise, the landlord didn’t bother to reply to my justification & send me the invoice threatening that she will not renew the lease & fine would need to be paid. We had no choice but to pay & realized how powerful landlords are in Alberta. They run the show here since tenancy laws is not regulated well & many clauses here are vague which indeed supports Landlord rights. Evictions are faster here within 2-3weeks. I now see why we have bad tenants also due to these kind of situations.
Why should the government get to decide how much I rent out my properties for? If you really don't like the price of rent, don't rent from that person or better yet buy a house.
@@Truthfully2k that’s a really unfortunate situation and terrible if your landlord took advantage of you but, trust me, no one gets evicted in 2-3 wks here. Don’t know where you got that info but it’s certainly untrue. It can take months to get someone out even if they aren’t paying and/or are damaging your property. Tenants have a lot of rights in AB. But, if your landlord is terrible, move if you have the option or save up and buy. Buying has a whole host of other headaches tho. Neither option is perfect
Even at 1200 month, that is still way too high. That's a hard earned 1200 dollars gone to someone else pocket, Saskatchewan should be the cheapest seeing as its the worst province in canada next to Manitoba. RV/van life avoids this issue if your someone like me and can make it work. Saving that money until home ownership can be achieved. Best way to go.
With the cost of a home in Canada you will be in your RV the rest of your life
@frankledger4716 Luckily, I'm good with that. There are cheap homes to buy, thier just in the wrong towns or small cities with no jobs. AKA like saskatchewan. In the best case, a planet killer takes us all out, then no worries left, common comet!!
Sask / Manitoba ? You couldn’t pay me enough to live there ! Holy hell !
Have you even been to Winnipeg sister? Thats where the smart money in Kanadian real estate is headed.
Why are SK and MB so bad?
Maybe get rid of short-term rentals. Or, drastically limit them.
How about capitalism and allow builders to build, with out years of costly permits, regulations and government nonsense?
@@GotoHere I don't understand how those two go together.
Rent control enabled short-term renting.
Move to Alberta campaign gets reality checked lol.
Canada, will we build 6,000,000 tiny houses with high insulation, high efficiency and solar PV roofs?
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.
It's just a matter of time for AB to have the same level of prices of the rest of big cities in Canada.
Disagree. Edmonton has done a good thing with the ZBR, it allows for way more density than most cities.
surprised that cbc doesn't have its comments turned off
They do on most channels. And, when all Canadians give Cons a chance, no more CBC, just Rebel.
Because even their employees, children, and friends, and probably their managers are suffering. They cant keep their heads in the sand anymore. They are sick and tired of all the greed in the housing market. Just my opinion.
Rent is out of control how do people live ?
Live within their means? Get a roommate or SO?
That's the fun part. They don't.
Push back. Make it clear to landlords and sellers we need to be able to afford to live.
They move to Moose Jaw. And Kenora. And Saint John.
@@user-vw6ti9nv7kSorry the crisis has been exported to enough cities. Stop spreading it. Please solve it.
Fact. I bought a condo by 125 st and 140 ave in 2006. 2 bed 2 bath with 1 und park. Paid $143K. Rented out for years and sold for $184k 10 years ago. Then. Sold for around 150-160 k last year. Doesn’t make sense.
Think about it. Rental units sitting empty for months till landlords charge reasonable rents. People not selling their houses. The pushback is starting. People are beginning to realize housing is for living, not investing. Just my opinion.
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.
1:32 $2653.00 average price for a studio apartment in Vancouver? This is deplorable.
Doesn't downtown Edmonton vote NDP?
Can't see how that matters since NDP isn't the government.
@@NicodemusT
But NDP is the government that runs Edmonton's City Hall.
@@shauncameron8390 municipal governments don't have parties.
The UCP is at fault, theyve been in power the longest in Alberta by far
u can still get s one bedroom in downtown edmonton for $1050 at mainstreet apartments ,try that in vancouver
The saddest part is that will become the new normal, and we will all say - it could have been worse. How far will it go?
We have a democracy. People giving up like you seem to be are the reason this all happened. Use our democracy like boomers and property owners do, and dont be afraid to assert your need to have affordable living costs. If you are not even willing to stand up to prevent slipping into poverty, then imagine how this whole thing got so bad. Just my opinion.
Governments exist for 1 reason only: To take as much of your money as possible. This can go as far as people allow it to go.
That figure is for 1 bedroom , kitchen , livingroom, bathroom, and storage room.
Why aren’t people flocking over to Saskatoon?
Winter.
It's flat.
Some are
Because Edmonton is still way cheaper than Vancouver and Toronto to the point where we can't even believe how cheap it is. So we don't need to look at Saskatoon.. yet.
@@littleripper312 Smart money is already piling into houses in Saskatoon. Even lots of Chinese-speaking real estate agents promoting, at least locally. Buy low, sell high.
Many in lower middle class will fall into poverty, but their erstwhile positions will be filled by harder working newcomers very hungry for success. Prayers
Multiple factors are the culprit !! There is no one size fits all solution - You Got the Federal government shoving Millions $$$ down provinces throats & is pleading for more housing and giving extra funding to transit & infrastructure to those that increase building - The Conservatives have a similar approach but kinda opposite by wanting to withhold funds for Transit & Infrastructure to those that don't pass building permits. So the money is there BUT the Provincial governments down to City level won't cut the Red tape & refuse to pass permits for Multiple units in one plot of land & rezoning issues they wont compromise on. AIRBNB although recently dealt with was a big contributor as well as International Students visas too many approved on top of regular skills/trade Visas. All those combined along with Covid & Inflation play individual parts in what is happening now.
The refugees who live off taxpayers' welfare should be driven away, while the rich and skilled people should stay. Is it fair for the middle class to work hard and pay taxes to support a bunch of lazy people?
Yes. It's the Canadian way.
this is what democracy is... rich people to be dragged down but poor people and lazy people stay and get free money.
welcome to reality 101. this is why our economy is collapsing. get it?
15 years ago I could get a 2 bedroom for $750 easily. Now it's looking more like $2500. Not worth it.
All of Canada is flocking to alberta because we were the more affordable option. But those same people are the ones that cause the prices of rental and homes skyrocket. This is not new. Those of us born and raised in alberta have seen this happen every single time a boom hits causing a population boom. Luckily when the rats abandoned ship and go back to their original province (because a huge % typically do when the economy busts inevitably) the housing market and rental market also tend to drastically drop. That's exactly how I managed to buy my home
Incorrect, it's only a few thousand from across Canada, most of the newcomers are from India, China, Pakistan, Africa.
I'd live in a cardboard box before moving to L-berta
@@ShomoGoldburgler I personally know of 4 Ontarians who bought rental property there, and at least a dozen who moved out while having remote jobs that allow them to live anywhere in Canada. All of em are multigenerational Canadians.
However BC has rest control so rents can in,y go up the rate of inflation each year .. AB has no rent control.
I realize rents are cheaper in AB, but they can jack up prices if they want
Paying $1600/month for a 2 bedroom basement in an old dilapidated house in a shiity community in Calgary. The landlord is a foreigner
Province of Alberta announces $187 million in funding over two years to address homelessness and addiction in Alberta. (CTV News Edmonton
There are literally tons of 3 bedroom apartments and townhouses in Alberta for under $1500 a month.. this is a lie. Maybe they got Edmonton confused with Toronto..
You're going to continue to see people moving there because even with rent increases it's way better in Edmonton.
What's they are thinking about increase rent the rich people and the authority people?
Pretty bad "natural average". Dont compare Canadian cities to each other. Compare them to similar lodgings in other countries. In the neighborhood near me, A 1BR can be $925. Canadians are in a boiling kettle.
What average is for 1400??? Most houses are 2k plus
Someone explain how the price of bread makes you charge $1200 more in rent from each tenant in a building with 80 units? gas and bread didnt inflate that much.. how can lanlords rob people of a future?
Taxes are cheap but who cares when its 1300 for a bedroom unit in Edmonton
Nothing personal.
Just a business decision.
Free market.
Democracy.
It's caused by greed of landlords. Cap the rent and charge triple tax to landlords who charge over 1500 a month rent.
Which only means higher rent for tenants to cover that triple tax you expect landlords to pay.
Something has be introduced to curb the ever increasing rental rates.
@@dalerook3724
Government intervention has only exacerbated the ever-increasing rental rates.
@@shauncameron8390 so true
This is why transitioning to homeownership is so tough. High rents + high interest rates = #canadianhousingmarket
Problem in horizon people will move to edmonton
Dont rent an apartment 😂 our rent hasnt gone up, resigned 2yr lease and still same price 🤷♀️
Lol, it's the Alberta Advantage.
The only advantage is getting out, no future if you are white collar in Alberta.
AA - 12 steps to recovery... Everything is symbolism.
New People should ask the😅 UCP government about why they calling them. They posted "Alberta is calling" everywhere. in Toronto. Welcome to New Delhi
Yall making me feel bad only charging 750 a month, internet, tv and utilities included. 2 bed room basement suite
You will own nothing and you'll be happy
Yes, part of the training includes catchy slogans.
Edmonton is still the cheapest in Canada let that sink in for an hour
Wrong. It's Saskatoon. Now everyone will move there. Only slightly more brutal winters than Edmonton.
No. Try Montreal.
To be fair I charge certain people more rent than others. Hoping they’ll move somewhere else.
Why bruh? You a bigot bruh?
Guess i will be living with mummy for awhile or longer.
Flat for rent. Dang it, I have ran out of spare organs i can sell!
😢😢😢 ny doodness we are starving in Edmonton!! Eff u !!
Albertans can thank the Conservative Provincial Government under the MAGAtt Danielle Smith ya' love so much!
Yeah because the ndp could do so much better 🙄
Let's start bringing up the impacts of mass immigration.
This is the biggest influence of higher prices. Plain and simple
No, it isn't. Though, maybe u had 11 kids. The problem is housing. More tax breaks for large homes. Provinces & cities screwed up, not Ottawa. Sibsidies for tiny homes should be a new thing, but easier to hate than fix stuff, eh? Cons will fix Earth's inflation. Reply back when that occurs. After the last world war.
@PositronMcHappy actually it is the feds pushing mass immigration on the province and the municipalities. Now cities are suffering due to infrastructure problems. You think cutting taxes,tiny homes, and the cons are the answer? New name. Same lobbyists running the show.
Sunny ways.
Be clear with landlords you need to able to afford to live. If enough of you do it, rents will eventually become affordable again. And landlords will learn that stable tenants with reasonable rents are much safer and less hassle than always chasing new tenants who leave quickly for other options. Landlords. I know things cost money, but you bought the house, its not the tenants jobs to bail you out. They have lives too.
Please respect each other needs for living and things will become much better. We are all people. Not atms.
Just like it's not the landlords' job to bail out tenants who can't manage their finances enough to afford the rent being charged.
Tell that to the bank. If you miss one mortagage payment the house is gone. If you miss a rent payment, big deal. No one by law can evict you.
@@shauncameron8390Excuse me? Many tenants are now working multiple jobs, skipping meals, and doing other cost saving measures that directly impact their health. They are basically living in poverty. I know several in that situation or similar, please stop gaslighting them, their backs are against the wall. Even professionals who are in decent jobs are struggling including in tech and finance. Stop gaslighting people being priced out of living despite their best efforts.
@@eternalobiThen why did the person buy the house knowing the risk interest rates would rise, when they knew they could not afford an increase in rates? And why are we treating people who bought houses as a business decision for renting as regular homeowners? That is the homeowner's not tenant's responsibility in my opinion. Maybe the banks need to be more flexible on giving them time to pay, but homeowners can do other things, like taking on another real job, instead of passing the buck to tenants who are barely surviving. That is not right, renting is not supposed to be a poverty trap, its a place for one to help build for their future while providing a little bit of extra income to the landlord.Just my opinion again.
@@shauncameron8390Even professionals are having to choose between rent and food now in many cases. Imagine how bad it is for people who work other jobs with lower salaries, and may have to work 2 or 3 jobs just to stay alive. Why do you think the birthrate is so low now, you think couples dont want children, or do you think its because even the ones who have decent jobs cannot afford them? Its a disaster out there in my opinion.
This is why we have bums everywhere !!!!
AB needs rent control
but it's Texas North.
But unlike the states we all pay for our public healthcare and housing is healthcare. It hurts everyone when there are more homeless@@PositronMcHappy
And how has rent control worked out for BC so far?
I am from Vancouver and have multiple friends who pay less than $1400 for a 1 bedroom apartment in Kits and other nice areas. My sister has a 2 bedroom in kits and pays $2050 which is now less than Calgary for a 2 bedroom.@@shauncameron8390
@@rachelk8368 Not gonna dispute what you say, sister, but I betcha dollars to donuts your friends moved into those apartments years ago, before Corvid 19 84 turned the world insane, and thus their monthly rate is grandfathered. I have friends also in Van whose rent is locked in to 2009 rates.
You renters deserve back the equivalent in a future time, because, when a landlord is given a mortgage for nothing, he is given the house for nothing. You renters are owed your due in excessive rent. it's a secret system in that people receive houses for nothing and the rental market pays the bills.
I received a notice of rent increase today
current rent :$1090
Effective Aug 1, 2024 : $1250 😡😡😡😡
Number 1 ☝️
L-berta
Time to move lol
I pay 900 for a one bedroom was cbc talking about more high class one bedrooms?
Glad I'm a homeowner mortgage free . Rent = 0.00 same mortgage payment
Good, so be reasonable. Make sure the rates you charge still let your tenants have a reasonable standard of living. They are people too.
Not surprised. It seems like every conservative who gulps the grifter koolaid tried flocking to Alberta due to Danielle's politics. Saw this coming a year ago when the news was saying how Alberta is the cheapest rent lmao
You clearly dont understand economics or politics
AYE WHAT HAPPENED TO Alberta being the cheapest place in Canada! LIES.
It comes down to greed not supply and demand.
A rental that use to be $1000/month
To $1500 a month is not about demand..
It’s not like my landlords going to build new units for the extra 500, Jesus.
It simply greed
Get rid of Sohi and the City Council of Incompetence!! With the fact that Edmonton is dying and is infested with nothing but the Homeless and Junkies! The increased Rent Prices shows just how idiotic the so-called leadership of Edmonton is!!
RESIGN SOHI!
Why rent in Cold, Icy, pothole, ruled by homeless city?
Get out that graveyard before too late.
Ban Air BNB in Edmonton before you become Vancouver....
Vancouver is banning AIRBNB from May 1st.
Stop paying ! Can’t evict everyone!
texting from jail/hospital, rarely works out. Oh wait, this is Canada zero enforcement. Get to the charger.
And then you wake up and realize you live in Edmonton
I thought that conservative government was gonna put money back into the people's pockets? 😂
You have to flip it 180 degrees (Freem Ayson Ree). They are going to TAKE the money out of the peeple's pockets.
LOLOLOLOLO ya they are up, back to where they were 15 years ago when everything cost half of what it does today. I have no clue how landlords survive in this S hole.
What are you talking about? 15 years ago you could rent a house for under a $1000 a month. Now you can't even get a one bedroom apartment for that much. Landlords are making a killing. Senior citizens and those on a fixed income are being made homeless every day.
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