Description
This Alberta Official Statistic shows the average monthly rental rates for two-bedroom units in Alberta and major urban centres (Calgary CMA, Edmonton CMA, Red Deer CA, Lethbridge CA, Medicine Hat CA, Wood Buffalo CA and Grande Prairie CA). Canada Mortgage and Housing Corporation (CMHC) conducts the Rental Market Survey (RMS) every year in April and October to estimate the relative strength and change in the rental market. The survey is conducted on a sample basis in all urban areas with populations of 10,000 and more. The survey targets only privately initiated structures with at least three rental units, which have been on the market for at least three months. The data collected for a structure depends on whether it is an apartment or a row structure. The survey collects market rent, available and vacant unit data for all sampled structures. The survey is conducted by a combination of telephone interviews and site visits, and information obtained from the owner, manager, or building superintendent. The survey is conducted during the first two weeks of April/October, and the results reflect market conditions at that time.
Updated
July 3, 2015
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Resources
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CSV
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Alberta Official Statistic Visualization
More information DownloadDownloads: 154
Title and Dataset Information
Date Modified
2015-07-03
Update Frequency
Semi-annual (every 6 months)
Publisher / Creator Information
Creator
Publisher
Seniors (2001-2004, 2011-2013, 2014-2016)
Subject Information
Topic
Start Date
2007-10-01
End Date
2015-04-30
Spatial Coverage
Alberta,Census Metropolitan Area (CMA),Census Agglomerations (CA)
Resource Dates
Date Created
2014-09-19
Date Added to catalogue
2015-05-13T19:26:54.148095
Date Issued
2014-09-19
Date Modified
2015-07-03
Audience information
Language
Identifiers
Usage / Licence
Usage Considerations
In its bi-annual publication, Canada Mortgage and Housing Corporation’s (CMHC) Rental Market Survey (RMS) provides a snapshot of vacancy and availability rates, and average rents in both new and existing structures.
The rental rates mentioned in this indicator include both existing and new structures. As a result, the change in rental rates is impacted by: changes in the composition of the rental universe, e.g. the inclusion of newly built luxury rental buildings in the survey, rental units renovated/upgraded or changing tenants could put upward pressure on average rents in comparison to the previous year; and by the rent level movement, e.g. increase/decrease in the level of rents that landlords charge their tenants. There also exists a measure for the change in rent that is calculated based on existing structures only. This estimate is based on structures that were common to the survey sample for both the previous year and the current Rental Market Surveys. Therefore, the change in rent in existing structures is an estimate of the change in rent that the landlords charge and removes compositional effects on the rent level movement due to new buildings, conversions, and survey sample rotation. However, some composition effects still remain e.g. rental units renovated/upgraded or changing tenants.
Beginning in 2009, highlight reports for Edmonton and Calgary became available for the October survey period.
Due to seasonal factors, the results of the April Rental Market Survey are not directly comparable with the results from the October Rental Market Survey.
Statistical Significance – Rent Changes Changes in rents that one might calculate based on rent levels may or may not be statistically significant.
Contact
Contact Name
Office of Statistics and Information
Contact Email
Contact Other
(780) 427-2071