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March 2019 Rental Report

  • Growth rates in the average rental price continues to increase
  • Average rents have increased by 1.8% over the last 12 months
  • Three bedroom properties have a larger increase in rent compared to 1 or 2 bedroom units
  • South West and West Edmonton has the highest annual rent increase of 2%
  • Average rent for a three bedroom property now exceeds $1650 per month in all focus areas. Twelve months ago the average rental in Terwillegar and Summerside were $1500. 
  • Fully furnished units continue to generate fewer interest outside of the Downtown area