Vacancy rates in Canada, including Alberta, are expected to rise, easing renter pressure due to increased supply and falling advertised rents. Calgary saw a 3.5% drop in asking rents with new purpose-built rentals boosting vacancy from 1.4% to 4.6%. Edmonton and Calgary still experience rent growth but at slower rates. CMHC programs now support over 88% of new apartment construction, driving supply increases rather than demand drops.
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