Calgary's Housing Market Surges, with Smaller Cities Seeing Strong Population Growth
Substantial Rent Increases in Calgary
In the bustling metropolis of Calgary, the housing market has experienced a significant surge, with apartment rentals witnessing a remarkable 32% increase. According to local expert Chen, this translates to a hefty increase of $72,776. While percentage-wise it may not seem substantial, the financial implications are undeniable.
Peripheral Cities Thrive
Interestingly, smaller cities located on the outskirts of Edmonton and Calgary have emerged as hotbeds of population growth. These peripheral areas have consistently outpaced larger urban centers, attracting residents seeking affordable living options and a quieter lifestyle.
Future Population Projections
Projections indicate a promising future for the region. By 2051, it is estimated that a staggering 81% of Albertans will reside in the three census divisions that encompass this area. This trend underscores the region's growing importance as a hub for both economic and residential development.
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