Calgary Rental Market 2025 | Insights from CMHC’s Rental Market Report
- ClearView Insider
- Dec 17, 2025
- 1 min read
Calgary’s rental market remained stable through 2025, even as the city delivered one of the largest increases in purpose-built rental supply in decades. Calgary’s rental market is entering a period of sustained balance, supported by strong development momentum and shifting renter preferences toward purpose-built product.
• Vacancy held steady at 5% in 2025, signaling balanced supply and demand despite a sharp rise in completions.
• Purpose-built rental supply grew by 11%, the fastest expansion Calgary has recorded in decades.
• Average rent growth remained stable. New buildings lifted overall averages, but same-sample rents were flat, suggesting landlords kept pricing steady to stay competitive with newer properties offering modern amenities.
• The condominium apartment sector added 2,647 units, largely in the West zone, though the share of units offered for rent fell to 35%, reflecting reduced investor participation.
• Renters who previously preferred condominium units for finishes or locations are increasingly choosing purpose-built rentals for comparable amenities and more stable lease terms.
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Source: CMHC, Rental Market Report, Major Centres, 2025 (Calgary)