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“Edmonton has seen a similar trend to Calgary with lower vacancies at an average of 8.5 percent across the market,” says Kendall Brown, manager of rental data for Zonda Urban for Alberta and Ontari
“Calgary has seen more consistent activity, as well as more consistent project launches in both wood-frame condominium and townhome projects,” said Cornelius.
“Because of the downturn in oil and gas (a few years ago), developers reassessed their projects and converted a lot of existing new condominium units to rentals,” says Jackson Cornelius, director o