Calgary prices fall while Edmonton’s continue to rise <\/strong>\n
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The average price for a one-bedroom unfurnished unit has risen in Edmonton for the fourth consecutive month to $1,392, meanwhile, Calgary has seen prices fall consecutively for the last two months to $1,676. While Edmonton remains more affordable than many other Canadian cities, it is experiencing a steady rise in rental prices, in contrast to other cities where rental costs are trending downward.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
Unfurnished units driving Edmonton price hike <\/strong>\n
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The average price for a one-bedroom unfurnished unit has risen by (+3.71%) to $1,392 this month while prices have fallen by (-4.08%) to $1,532 for furnished units in Edmonton. We have also seen prices rise for all types of unfurnished units in every area across Edmonton with the only exception being for three-bedroom units in the City Centre which saw a decline this month. <\/li>\n<\/ul>\n<\/li>\n\n\n\n
The price gap narrows between furnished vs unfurnished in Edmonton<\/strong>\n
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Edmonton is following a similar trend to other Canadian cities like Toronto as prices begin to narrow between furnished and unfurnished units. This October, the price gap between furnished and unfurnished one-bedroom units stands at $140\/month. In contrast, back in October 2023, this difference was $293\/month.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n \n