Fact Check: The average rental rate for condos in Calgary was $1,771 per month in October.

Fact Check: "The average rental rate for condos in Calgary was $1,771 per month in October."

What We Know

The claim that the average rental rate for condos in Calgary was $1,771 per month in October is supported by multiple sources. According to a report from News.iAsk.ca, the average rental rate for condos in Calgary's secondary market was indeed $1,771 per month as of October 2024. This figure aligns with data from The Globe and Mail, which also reported the same average rental rate for that period. Furthermore, a report from Rentals.ca indicated that the average rent for two-bedroom units in Calgary had reached $1,771, reflecting a significant increase in rental prices over the previous year (CBC).

Analysis

The evidence supporting the claim is robust, coming from reputable sources that specialize in real estate and rental market analysis. The reports from both News.iAsk.ca and The Globe and Mail are credible, as they provide specific data points and context regarding the Calgary rental market. The consistency across these reports reinforces the reliability of the claim.

However, it is important to note that the rental market can fluctuate due to various factors, including supply and demand dynamics, economic conditions, and seasonal trends. The reports indicate that Calgary's condo market has been experiencing a slowdown, with rising vacancy rates and a surge in new purpose-built rental units, which could influence future rental rates (News.iAsk.ca). This context is crucial for understanding the broader market trends and potential implications for renters and landlords alike.

Conclusion

The claim that the average rental rate for condos in Calgary was $1,771 per month in October is True. This conclusion is based on multiple credible sources that corroborate the rental rate, indicating a consistent figure across different reports. Given the current market conditions and the data provided, the claim stands verified.

Sources

1. Kfz-Unfall der Versicherung korrekt melden: So geht´s
2. In Calgary, condos become a hard sell - News.iAsk.ca AI
3. Wer muss unfall melden verursacher oder geschädigter?
4. In Calgary, condos become a hard sell - The Globe and Mail
5. Auto-Unfall – Richtig verhalten und der Versicherung melden
6. June 2025 Rentals.ca Rent Report
7. Wer muss den Schaden bei der Versicherung melden?
8. Insiders warn of crunch coming for Calgary rental market with prices ...