CALGARY IS NO LONGER AFFORADABLE | The Effects Of Mass Immigration With No Rent Control

Calgary used to be considered one of the most affordable cities to live in Canada... not any more! In 2023 Calgary broke national records in interprovincial migration, as well as having its total population increase by 6% which is HUGE for a 1 year span. Understandably, this has created a major strain on social services and greatly lowered the vacancy rate for real estate, while simultaneously sky rocketing the price of rentals. Alberta has not had rental control for a very long time and while it may have actually been a good thing before 2020, it is now being abused by many landlords and forcing long time tenants out of their homes. If you are thinking of moving to Alberta, but primarily Calgary, please think long and hard if this is definitely the province for you because it is very likely that prices will continue to increase for quite a long time.

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Did you miss our previous article...
https://trendinginrealestate.com/real-estate-trends/peter-doocy-this-is-going-to-sting