More People Are Moving To Alberta From Other Provinces & Here’s What It Could Mean For Renters

They're coming from Ontario and B.C.!

Calgary Staff Writer
View of condo buildings in Calgary's East Village behind a body of water.

View of condo buildings in Calgary's East Village behind a body of water.

There are so many reasons why people would want to move to Alberta — and it seems like Canadians are starting to realize just how great the Wild Rose Country is.

Some cities in Alberta have some of the most affordable housing in the world, plus Calgary and Edmonton even have the best work-life balance ratings in the country.

Residents of provinces like Ontario and B.C. are starting to see the benefits of the Sunshine Province living, leading to more people relocating to the region.

In their 2022 Market Report, Rentals.ca said they expect even more of an increase in migration to Alberta from other provinces as more jobs become available, and people switch to remote working —which will have a direct impact on demand for rentals in cities like Calgary and Edmonton.

“During the last year, we have already seen an increase in migration as people are moving out of Ontario and British Columbia with remote working taking off and moving to Alberta due to the affordability factor," Kendall Brown, manager of rental data for Alberta and Ontario at Zonda Urban said.

According to the report, investments made in the province in 2021 will create around 7,030 new jobs this year, and they could generate over 130,600 throughout the next decade.

What it means for renters

On top of people moving to cash in on the Energy Province's low housing costs, downtown regions are also seeing a resurgence in popularity for renters as young professionals and students want to return to urban areas.

According to Brown, vacancies in Downtown Calgary decreased by almost half in comparison to quarter two of 2021, and vacancies in Edmonton have also decreased.

As a result of the increased demand for rentals in Calgary and Edmonton, Brown said developers have pulled back on the incentives that they usually offer prospective renters.

Deals like getting two months free on a 12-month lease, shouldn't be expected now, said Brown. Renters now are more likely to get offers like $500 off the first month’s rent, one month free on a 12-month lease, or a move-in bonus of up to $1000.

As more people move back to urban areas in Alberta, Brown believes that "increasing rents will continue in the near future."

So, if apartment hunting is on the horizon for you, be prepared for this new renting reality in Alberta.

More from Narcity

Comments 💬

Our comment section is a place to promote self-expression, freedom of speech and positivity. We encourage discussion and debate, but our pages must remain a safe space where everyone feels comfortable and the environment is respectful.

In order to make this possible, we monitor comments to keep spam, hate speech, violence, and vulgarity off our pages. Comments are moderated according to our Community Guidelines.

Please note that Narcity Media does not endorse the opinions expressed in the comment section of an article. Narcity Media has the right to remove comments, ban or suspend any user without notice, or close a story’s comment section at any time.

First and last names will appear with each comment and the use of pseudonyms is prohibited. By commenting, you acknowledge that Narcity Media has the right to use & distribute your content across our properties.

Loading...