CMHC published their Spring 2008 Rental Market Report on June 5.

The overall vacancy rate in Calgary in April 2008 is 2.0%, compared to 0.5% in April 2007. The breakdown:

Bachelor: 2.6%

1-Bedroom: 1.8%

2-bedroom: 2.2%

Average rents April 2007: bachelor:$608 1-bedroom:$848 2-bedroom:$1008 3+Bedroom:$939

Average rents April 2008: bachelor:$651 1-bedroom:$906 2-bedroom:$1081 3+bedroom:$1105

The full report including other markets: http://www.cmhc-schl.gc.ca/odpub/esub/64725/64725_2008_B01.pdf

- Andrew Kyle