Narrowing the gap: with rising rents, Alberta is finally joining the rest of the world. Shifting the blame: why the Alberta government has failed to protect tenants and what it can do about it.(REAL ESTATE REPORT)

Western Standard | July 2, 2007| | Copyright

Driving through Edmonton, Calgary or Kamloops over the last few days I realized: no one is building rental units. You can see new hotels everywhere, you can see new shopping malls and you can see new sub-divisions, but what you can't see is new rental accommodation. Why is that?

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One reason is that rents are too low for the construction costs. Until just very recently, Alberta had rents well below world levels. Despite very high average wages, Alberta still has rents that are just catching up to international levels. This article ...

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