Calgary Rental Market Remains Sok in August

While other cities saw dramatic rent swings, Calgary's average rental prices remained relatively stable throughout August. This consistency reflects the city’s steady demand, improving employment rates, and ongoing migration, particularly from other parts of Alberta and Canada.

For landlords, this means predictable cash flow and fewer sudden adjustments to pricing strategies—a welcomed shift after the more volatile years.

Balanced Supply and Demand

The rental inventory in Calgary continued to align well with tenant demand. With thousands of apartments, condos, and single-family homes available, renters still had choices, but properties in desirable neighborhoods with proximity to transit, schools, and downtown amenities were snapped up quickly.

LeaseWell’s local insights and market analysis show that well-maintained, competitively priced homes are leasing faster than ever, especially when paired with the right marketing strategy.

What This Means for Property Owners

If you're a landlord in Calgary, a stable market means it's a great time to:

• Reassess rental pricing to ensure you're competitive but maximizing returns

• Upgrade or furnish your property to target professionals or relocating families

• List your home with a leasing specialist to take advantage of rising tenant demand

LeaseWell offers a free rental property evaluation to help you understand your property’s current market value and how to position it for the best rental outcomes.

Trends to Watch Moving Forward

1. Student and executive rentals remain strong performers, particularly in areas close to universities and downtown offices.

2. Furnished rentals continue to gain popularity, especially for short-term leases or incoming professionals on relocation packages.

3. Pet-friendly properties are in higher demand as renters look for more flexible living arrangements.

With Calgary’s economy continuing to diversify beyond oil and gas, we expect this balanced growth trend in the rental market to continue through the fall and into the winter.

Final Thoughts

While other Canadian cities saw rent prices jump or tumble in August, Calgary remained a picture of stability. This is good news for property owners and investors seeking long-term, low-volatility income. At LeaseWell, we combine 360-degree marketing, tenant screening, and expert local knowledge to help you make the most of this market.

Curious about how your rental stacks up in today’s market?

Get your free rental evaluation report from LeaseWell in just 48 hours—and start leasing smarter.