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Market conditions worsen as Calgary implements its housing strategy

Jun 11, 2024  
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Calgary's housing strategy progress update shows completion of 5 out of 98 recommendations, with 53 in progress. Rental vacancy rate is at 1.1%, and average rent for a two-bedroom unit increased by 12%. Challenges include capacity constraints and rising costs. City aims to increase housing supply by over 41,000 units by October 2026.

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