Calgary sees the biggest rent price drop in the country

Calgary rent prices continue to drop, with one-bedroom rents down 2.4% from last month and 12% year-over-year, averaging $1,610. Two-bedroom rents fell 2.5% monthly and 11.8% annually, averaging $1,940. This contrasts with a slight rent increase across Canada, where median one-bedroom rent rose to $1,520 and two-bedroom to $1,907. Vancouver remains the priciest city, with one-bedroom rents at $2,520.