Have vacant multi-family rental properties in Edmonton? You’re not alone.
The current economic climate, combined with an oversupply of multi-family construction from starts in 2014/15 and new home construction has increased available supply and competition. It has also improved the quality of available rental stock in Edmonton’s rental housing market. CMHC forecasts an increase from 4.2% in 2015 to 7% at 2016 end and into 2017.