Most Alberta cities saw rent declines, with Airdrie, Calgary, Edmonton, Fort McMurray, and Medicine Hat experiencing drops between 1% and 7%. However, Red Deer and Lethbridge saw slight increases of 0.2% and 1.4%, respectively. Nationally, average rents fell 3.1% year-over-year, marking 14 months of decline, with North Vancouver remaining the most expensive city. Rent decreases are linked to slower demand and increased supply.
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