Red Deer rental rates continue upward trend

Aug 15, 2022 | 10:01 AM

Rental rates continued their upward trend in Red Deer last month.

According to the latest National Rent Report from Rentals.ca, the average rent for a one-bedroom unit in Red Deer in July was $1,102, up 4.7 per cent from June. Statistics for Red Deer in July 2021, however, were unavailable at the time of publication.

A two-bedroom unit in Red Deer, meanwhile, rented for an average of $1,198 per month in July, up 1.2 per cent from June and 13.8 per cent from the same month last year, placing Red Deer in 30^th on the list of 35 Canadian cities included in the report.

Elsewhere in Alberta, Calgary placed 21^st on the list with an average rent of $1,583 per month for a one-bedroom unit in July, and $1,934 per month for a two-bedroom.

Lethbridge placed 31^st on the list with an average rent of $1,089 per month for a one-bedroom unit in July and $1,236 per month for a two-bedroom place.

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Edmonton was 32^nd on the list with an average rent of $1,054 per month for a one-bedroom unit in July and $1,333 per month for a two-bedroom unit.

Lloydminster, AB was 35^th on the list with an average rent of $836 per month for a one-bedroom unit in July and $977 per month for a two-bedroom unit.

The average rent for all Canadian properties listed on Rentals.ca in July 2022 was $1,934 per month, up 10.4 per cent annually, and up 2.6 per cent monthly.

Vancouver topped the list with an average rent of $2,500 per month for a one-bedroom unit in July and $3,630 for a two-bedroom unit.

by Sheldon Spackman

Red Deer rental rates continue upward trend

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