What does CMHC’s rental data show for Alberta?
Edmonton CMA purpose-built apartment vacancy was 3.8% in October 2025, up from 3.1% a year earlier.CMHC Rental Market ReportOctober 2025 survey(opens official source in a new tab) Edmonton CMA average two-bedroom apartment rent was $1,603.CMHC Rental Market ReportOctober 2025 survey(opens official source in a new tab)
| Centre | Vacancy, Oct 2025 | Vacancy, Oct 2024 | Avg. 2-bedroom rent | Avg. rent, all units |
|---|---|---|---|---|
| Edmonton CMA | 3.8% | 3.1% | $1,603 | $1,464 |
| Calgary CMA | 5.0% | 4.8% | $1,914 | $1,761 |
| Red Deer CMA | 3.5% | 1.5% | $1,414 | $1,321 |
| Lethbridge CMA | 4.5%* | 0.5% | $1,706 | $1,621 |
| Grande Prairie CA | 2.0% | 1.9% | $1,419 | $1,353 |
| Medicine Hat CA | 3.4% | 2.3% | $1,258 | $1,227 |
| Wood Buffalo CA | 13.6% | 10.4% | $1,450 | $1,382 |
| Alberta, centres of 10,000+ | 4.3% | 3.6% | $1,680 | $1,557 |
CMHC’s own reading of the 2025 survey, in its words:
“The rental market in the Edmonton CMA softened in 2025, with the vacancy rate for purpose-built rental apartments rising to 3.8%, as expected. The increase was driven by an imbalance between supply and demand: rental completions stayed well above historical averages, while demand growth slowed.”CMHC Rental Market ReportOctober 2025 survey(opens official source in a new tab)
- Calgary CMA purpose-built apartment vacancy was 5.0% in October 2025 (4.8% a year earlier).CMHC rental tables, Alberta 2025October 2025 survey(opens official source in a new tab)
- Calgary’s purpose-built rental supply grew by 11% in 2025, which CMHC calls the fastest growth in decades.CMHC Rental Market ReportOctober 2025 survey(opens official source in a new tab)
- The national purpose-built rental apartment vacancy rate rose to 3.1% in 2025, up from 2.2% in 2024.CMHC Rental Market ReportOctober 2025 survey(opens official source in a new tab)
- CMHC’s June 2026 mid-year update reports asking rents declining in Toronto, Vancouver and Calgary, while Montréal and Edmonton showed little change. It contains no new survey.CMHC mid-year rental updateJune 9, 2026(opens official source in a new tab)
CMHC’s October 2026 survey has not been published yet. These are the latest full-survey figures.
How much new rental supply is arriving?
| Centre | Rental starts, 2025 | All starts, 2025 | Rental completions, 2025 | Rental starts, Jan–Aug 2026 | All starts, Jan–Aug 2026 |
|---|---|---|---|---|---|
| Edmonton CMA | 8,922 | 21,337 | 8,597 | 5,411 | 12,654 |
| Calgary CMA | 9,841 | 27,684 | 9,527 | 5,391 | 15,077 |
- CMHC says Edmonton has no measurable housing supply gap: housing supply has kept pace with population growth.CMHC Fall 2026 Housing Supply ReportSeptember 10, 2026(opens official source in a new tab)
- Edmonton’s housing starts were down 20% in the first half of 2026 against 2025, apartment completions rose 30%, and units under construction reached a record 17,900.CMHC Fall 2026 Housing Supply ReportFirst half of 2026(opens official source in a new tab)
- CMHC says Calgary needs between 4,000 and 5,000 additional units a year over the next decade to restore affordability, having almost halved its supply gap.CMHC Fall 2026 Housing Supply ReportSeptember 10, 2026(opens official source in a new tab)
- Calgary’s rental starts fell more than 30% in the first half of 2026 while still accounting for almost 60% of all starts.CMHC Fall 2026 Housing Supply ReportFirst half of 2026(opens official source in a new tab)
What is changing in Edmonton and Calgary zoning?
Zoning decides how much housing can be built on a lot, so it shapes future rental supply. Both cities are changing their rules, and the province has given direction. The items below are as of Oct 15, 2026.
- Edmonton’s Zoning Bylaw 20001, effective January 1, 2024, reduced residential zones from 16 to six and expanded housing types citywide.Government of Alberta, Growing neighbourhoods responsiblyOctober 8, 2026(opens official source in a new tab)
- On October 8, 2026 the Government of Alberta said Edmonton will be required to adopt rules for high-density infill that revert to the parameters in place before its 2024 zoning changes for housing types, density and height, and to restore minimum on-site parking requirements in place before 2020. Edmonton has three months from October 8 to amend its bylaw.Government of Alberta, Growing neighbourhoods responsiblyOctober 8, 2026(opens official source in a new tab)
- Edmonton’s Small Scale Residential (RS) zone maximum building height falls from 10.5 m to 9.5 m for development permit applications approved on or after August 1, 2026.City of Edmonton, Zoning Bylaw text amendmentsas of Oct 15, 2026(opens official source in a new tab)
- Calgary council voted on April 8, 2026 to repeal blanket rezoning; on August 4, 2026, 99% of properties return to the zoning that applied before Rezoning for Housing.City of Calgary, Rezoning for Housing repealas of Oct 15, 2026(opens official source in a new tab)
- The province said Calgary will maintain its current approach and be directed to create an overlay identifying lands restored to previous low-density residential zones; its broader land-use review is planned to be complete in 2027.Government of Alberta, Growing neighbourhoods responsiblyOctober 8, 2026(opens official source in a new tab)
How fast is Alberta growing?
- Alberta’s population was 5,101,050 on July 1, 2026, up 1.52% year over year.Alberta Quarterly Population ReportJuly 1, 2026(opens official source in a new tab)
- Alberta had the fastest population growth rate among the provinces from July 1, 2025 to July 1, 2026 (+1.5%).Statistics Canada, The DailyJuly 1, 2026(opens official source in a new tab)
How do Alberta rent rules meet MLI Select?
In Alberta, rent can be increased only after at least one year (365 days) since the last increase or the start of the tenancy.Service Alberta, Information for Landlordsas of Oct 15, 2026(opens official source in a new tab)
Alberta’s guide for landlords states: “There is no limit on the amount by which the landlord may raise the rent.”Service Alberta, Information for Landlordsas of Oct 15, 2026(opens official source in a new tab)
Alberta’s Residential Tenancy Dispute Resolution Service is “a quasi-judicial tribunal” for disputes under the Residential Tenancies Act.Alberta RTDRSas of Oct 15, 2026(opens official source in a new tab)
Under MLI Select, increases on designated affordable units follow applicable legislation, and where none limits the amount, they are capped at the CPI figure CMHC publishes. CMHC’s 2027 permitted CPI percentage for Alberta is 0.1%.CMHC MLI Select pageas of Oct 15, 2026(opens official source in a new tab)
What income sets “affordable” in Alberta markets?
CMHC’s median renter income workbook (2019 data, last updated March 2021) lists Edmonton at $66,600, Calgary at $69,500 and Alberta rural centres at $45,300. Affordable units rent at or below 30% of the figure for their market.CMHC median renter income workbookas of Oct 15, 2026(opens official source in a new tab) The median renter income lookup has the full table and where to find the live file.
30% of the Edmonton figure, divided by 12, is about $1,665 a month. That is arithmetic, not a CMHC-published rent; the lender confirms the figure used for a file.
For the program rules themselves, read how MLI Select works, the affordable-rent rules or the step-by-step guide, or go back to the current inventory.