Lethbridge continues to see high growth in rent prices

Of the four Alberta cities that were included in the analysis, Lethbridge was the only one to experience price growth of more than 10 per cent over the prior 12 months.

The other three communities in the province are listed below with the number in brackets representing their national rank out of 35.

Calgary (18)
- One bedroom: $1,708 per month, down 1.1 per cent in one year
- Two bedrooms: $2,094 per month, down 2.6 per cent in one year
Edmonton (31)
- One bedroom: $1,376 per month, up 7.5 per cent in one year
- Two bedrooms: $1,704 per month, up eight per cent in one year
Fort McMurray (34)
- One bedroom: $1,255 per month, up 8.6 per cent in one year
- Two bedrooms: $1,449 per month, up 3.5 per cent in one year

The asking rent for all residential property types in Canada averaged $2,187 per month in August, increasing by 3.3 per cent over the last year.

Vancouver remains the most expensive city in the country when it comes to rent. A one bedroom apartment there will set you back $2,708 per month, while you can get a two-bedroom unit for $3,632.

The full National Rent Report can be read on the Rentals.ca website.

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by David Opinko

Lethbridge continues to see high growth in rent prices

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