As Calgary faces 25 per cent spike in rental prices, parties eye housing affordability yyc abpoli
Asking rents sit at an average $1,890 for purpose-built and condominium apartments in Calgary as of the start of April, according to a Rentals.ca report. That’s up 24.9 per cent from the same time last year, ranking as the largest increase in rent prices across Canada.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
They’re calling for the province to implement rent control measures, specifically seeking a legislated rent cap at two per cent annually.“ACORN’s members are mostly low- to moderate-income people, and all the stories we’ve heard from our members are really heartbreaking. There are people who are facing hundreds of dollars in rental increases, and these are single-parent families, elderly people, people who might be unable to work for any number of reasons, newcomers to the city.
“It’s people who are already in a very precarious situation. Even if they’re able to make all their bill payments — paying for rent, utilities, a car, a transit pass, buying groceries — it is so rare that they’re able to save anything for any kind of emergency expense.” In Alberta, landlords currently can raise rent only once per year and must give three months’ notice — but there is no limit on the amount by which they can increase rent.
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