2021 - Open.alberta.ca
2021Classification: Public
Disclaimer: This information is made available as is and without warranty of any kind, eitherexpressed or implied. The information may be used on the strict understanding that neither thegovernment nor its Ministers or employees shall be liable for losses or damages of any kind thatmay arise as a result of information provided in this report.Permission to reproduce: No part of this report may be used, forwarded, or reproduced in anymanner whatsoever without written permission from Alberta Seniors and Housing.For information, please contact:Alberta Seniors and Housing3rd Floor, 44 Capital BoulevardEdmonton, AB T5J 5E6Telephone: 780-644-2610Fax: 780-422-5124E-mail: comments@gov.ab.caTo be connected toll-free in Alberta, dial 310-0000 followed by the area code and the telephonenumber.Copies of the 2021 Apartment Vacancy and Rental Cost Survey report can be purchased fromthe Alberta Queen’s Printer in person; by telephone, fax, e-mail, or online.Alberta Queen’s PrinterPark Plaza Building7th Floor, 10611 - 98 AvenueEdmonton, AB T5K 2P7ISBN 978-1-4601-5123-5ISSN 2369-8780Classification: PublicTelephone: 780-427-4952Fax: 780-452-0668E-mail: qp@gov.ab.caOnline: www.qp.alberta.ca
CONTENTSEXECUTIVE SUMMARY .1SECTION 1 – INTRODUCTION .3SECTION 2 - APARTMENT RENTAL RATES .6SECTION 3 - APARTMENT VACANCY RATES .9SECTION 4 - APARTMENT VACANCIES AND RENTAL RATE RANGES .20SECTION 5 – CONCLUSION .21SECTION 6 - DEFINITIONS .22Appendix A: Table 1: Number of Rental Units Identified .23Appendix B: Table 2: Weighted Average Rent and Rental Range by Type of Unit .26Appendix C: Table 2.b: Number of Vacancies by Rental Range and Type of Unit .30Appendix D: Table 3: Number of Vacancies and Vacancy Rates by Age of Building.64Appendix E: Table 4: Number of Vacancies and Vacancy Rates by Type of Building .68Appendix F: Table 5: Number of Vacancies and Vacancy Rental Rates by Type of Unit .73Appendix G: Table 6: Change in Vacancy Rates .77Appendix H: Table 7: Comparative Vacancy Rates by Community, 2011-2021 .80Appendix I: Table 8: Weighted Rents by Bedroom Type and Overall Vacancy Rates byCommunity .84Appendix I: Table 9: Summaries of Individual Communities.100Classification: Public
EXECUTIVE SUMMARYSince 1973, (with the exception of 2004, 2019 and 2020), the Province of Alberta has conductedan annual Apartment Vacancy and Rental Cost Survey (AVS) of multi-family dwellings in Alberta’srural communities. The survey identifies building type and age, unit type, number of units, rentalrates, and the number of vacancies of private market rental units1 in rural communities which:have a population between 1,000 and 9,999; have thirty or more market rental units; and are notincluded in Canada Mortgage and Housing Corporation (CMHC)’s bi-annual rental survey.The AVS provides market information on vacancy and rental rates for multi-family rental dwellingsin Alberta’s rural communities. The survey includes non-subsidized rental buildings containingfour or more market rental units, including: walk-up and high-rise apartment buildings,row/townhouses and multi-plexes. Store-top rental units are also included.In 2021, 666 respondents participated in the survey, 389 were not surveyed (busy, no answer,voice mail), and 69 refused to participate, for a total response rate of 59.3 per cent, down from87.4 per cent in 2018.RENTAL RATESThe average provincial rental rates by unit type were: 687 for bachelor units (increase of 4.4 per cent from 2018); 773 for 1-bedroom units (increase of 2.1 per cent from 2018); 899 for 2-bedroom units (increase of 0.7 per cent from 2018); 1,038 for 3-bedroom units (increase of 5.5 per cent from 2018); and, 1,488 for 4 bedroom units (increase of 3.6 per cent from 2018).The highest end of the rental ranges were in: Slave Lake for bachelor units ( 1,300);Banff for 1-bedroom units ( 1,950);Banff for 2-bedroom units ( 3,000);Banff for 3-bedroom units ( 2,700); and,Banff for 4 bedroom units ( 2,700).The lowest end of the rental ranges were in: Crowsnest Pass for bachelor units ( 380);Fort Macleod for 1-bedroom units ( 450);Innisfail for 2-bedroom units ( 338);Bruderheim for 3-bedroom units ( 495); and,Provost for 4 bedroom units ( 800).1Note: See Section 6 for a definition of private market rental units. For the remainder of this report, the term privatemarket rental unit has been shortened to rental unit.1
VACANCY RATESThe average provincial vacancy rates by unit type were: 5.7 per cent for bachelor units,12.5 per cent for 1-bedroom units,14.0 per cent for 2-bedroom units,10.5 per cent for 3-bedroom units, and7.7 per cent for 4 bedroom units.In 2021, the overall vacancy rate decreased to 12.7 per cent from 13.3 per cent in 2018.Compared to 2018, 2021 vacancy rates: Increased in 23 communities,Decreased in 34 communities, andDid not change in six communities.Eleven communities (Jasper, Bassano, Blackfalds, Claresholm, Coaldale, Mayerthorpe,McLennan, Sexsmith, Slave Lake, Tofield and Vulcan) reported a zero (0.0) per cent vacancyrate.VACANCY RATES BY RENTAL RATE RANGESVacancy rates were highest for 2 and 3 bedroom units in the less than 500 range (37.5 per centand 40 per cent, respectively) and lowest for bachelor units from the 950 to 1350 range, as wellas for 4 bedroom units from 800 to 950, and from 1,110 to 1,349 (0.0 per cent each).CONCLUSIONIn 2021, rental rates increased slightly (up 0.6 per cent) across all unit types in rural Alberta,continuing a slight upward trend over the past ten years. Vacancy rates across the provinceaveraged 12.7 per cent in 2021, down from 13.3 per cent in 2018.Twenty-three communities experienced an increase in vacancy rates compared to the previoussurvey year (2018), with greater than ten percentage point increases in four communities. FoxCreek saw the greatest absolute increase (from 0.8 per cent vacancy in 2018, up to 51.9 per centin 2021). Six communities did not have any change in vacancy rates in 2021.Vacancy rates decreased in thirty-four communities, with decreases in excess of ten percentagepoints in ten communities. Two Hills had the greatest absolute reduction in vacancy rates (45.0per cent in 2018, down to 2.8 per cent in 2021).The overall decrease in vacancy rates was driven by sharp decreases in vacancy rates amongbachelor and 3-bedroom units. There were decreases in vacancy rates among row-houses (down7.6 percentage points) and store-top buildings (down 6.6 percentage points), and units that werebuilt between two and five years ago (down 5 percentage points). Bucking the downward trendwere vacancies in high rises (up 8.1 percentage points) and in buildings aged five to 10 years old(up 3.1 percentage points).2
SECTION 1 – INTRODUCTIONSince 1973, (with the exception of 2004, 2019 and 2020), the Province of Alberta has conductedan annual Apartment Vacancy and Rental Cost Survey (AVS) of multi-family dwellings in Alberta’srural communities. The survey identifies building type and age, unit type, number of units, rentalrates, and the number of vacancies of private market rental units in rural communities. Theeligibility criteria used in selecting communities for the survey are those: with a population between 1,000 and 9,999 2;with thirty or more rental units; and,which are not included in the Canada Mortgage and Housing Corporation’s (CMHC) biannual Rental Market Survey.Each year the number of communities surveyed by the AVS differs due to changes in populationor the number of rental units in the community. Below is the complete list of 66 municipalitiessurveyed in 2021.AthabascaBanffBarrheadBassanoBeaverlodgeBlack DiamondBlackfaldsBonnyvilleBow oaldaleCrowsnest PassDidsburyDrayton ValleyDrumhellerEckvilleEdsonElk PointFairviewFalherFort MacleodFox CreekGrande CacheGrimshawHannaHigh LevelHigh PrairieHintonInnisfailJasperLac La BicheMayerthorpeMcLennanMilletNantonOldsPeace RiverPenholdPincher CreekPonokaProvostRaymondRimbeyRocky Mtn. HouseSexsmithSlave LakeSmoky LakeSpirit RiverSt. PaulStettlerSundreSwan HillsTaberThree HillsTofieldTwo Westlock2The Survey does not include communities in urban areas with a population of 10,000 or more, as these areas aresurveyed bi-annually by the CMHC.3
PURPOSEThe AVS provides the housing industry, private sector, and various government ministries with housinginformation on vacancy and rental rates for multi-family rental dwellings in Alberta’s rural communities.METHODOLOGYThe survey was conducted in the period from February to April 2021. A multi-modal data collectionmethod (telephone/email) was used to gather data from apartment owners, managers, buildingsuperintendents, and property management agencies. The information collected reflects marketconditions at the time of the survey. The survey identifies building type and age, unit type, number ofunits, rental rates, and the number of vacancies. All survey data records are subjected to computervalidity checks and are adjusted for non-responses to ensure the information is an accuraterepresentation of what was provided in the survey.The survey includes non-subsidized rental buildings containing four or more rental units, including: walk-up and high-rise apartment buildings;four-plexes, row/townhouses; andother multi-plex rental stock.Store-top rental units are also included, as they represent a significant portion of the total rental stock insome communities.The survey does not include: rented single-detached, duplexes, and semi-detached houses;individually owned and managed rental condominium units; andsecondary suites such as basement suites, attic apartments, and garage suites.In order for a rental unit to be included in the survey, it must be either occupied at market rates, or beavailable for rent at market rates. In buildings that include both non-subsidized and subsidized oraffordable housing rental units, only non-subsidized units at market rates are included in the survey.In 2021, 666 respondents participated in the survey, 389 were not surveyed (busy, no answer, voicemail), and 69 refused to participate, for a total response rate of 59.3 per cent, which is down from 87.4per cent in 2018.See Appendix A for Table 1: Number of Rental Units Identified for more details by community.AUTHORITY TO COLLECT INFORMATIONThe collection of this information is authorized under section 33(c) of the Freedom of Information andProtection of Privacy Act and the privacy protection provisions apply.4
ACKNOWLEDGEMENTSThe annual Apartment Vacancy and Rental Cost Survey would not be possible without the cooperationof the rental property owners, managers, building superintendents, property management agencies, andmunicipal officials throughout Alberta. The Government of Alberta gratefully acknowledges andappreciates their assistance in the completion of this survey. This successful collaborative processensures that the Apartment Vacancy and Rental Cost Survey Report is an accurate reflection ofvacancies and rental costs in Alberta’s rural communities.5
SECTION 2 - APARTMENT RENTAL RATES2021 AVERAGE RENTAL RATES AND RANGES BY TYPE OF UNITChart 1 illustrates the 2021 average rental rates for each type of unit, as well as which communityreported the highest and lowest rental rates among the communities surveyed, by the respective unittype.The average rental rates by unit type were: 687 for bachelor units; 773 for 1-bedroom units; 899 for 2-bedroom units; 1,038 for 3-bedroom units; and, 1,488 for 4 bedroom units.Chart 1 - Rental Ranges and Average Rental Ratesby Unit TypeAverage 3,500Banff 3,000 3,000BanffBanff 2,700 2,700 2,500Banff 2,000 1,500 1,950Slave Lake 1,488 1,300 1,038 1,000 899 687 500 380 0 800 773Provost 495 450CrowsnestPassFort MacleodBachelor1 Bedroom 338Innisfail2 BedroomBruderheim3 Bedroom4 Bedroom6
Chart 2 illustrates the locations of highest and lowest rental rates for each unit type. The highest reportedrental rate for bachelor units was in Slave Lake at 1,300. The highest reported rental rates for otherbedroom types (1, 2, 3, and 4 bedroom units) were all in Banff ( 1,950, 3,000, 2,700, and 2,700respectively). Crowsnest Pass had the lowest reported rent for a bachelor unit at 380. The lowestreported rental rate for a 1-bedroom unit was in Fort Macleod at 450. Innisfail had the lowest reportedrental rate for 2-bedroom units at 338. Three-bedroom units had the lowest reported rental rate inBruderheim at 495, while Provost had the lowest reported rental rate for 4 bedroom units at 800.Chart 2 - Locations of Highest and Lowest End of Rental Range by Unit TypeSee Appendix B for Table 2: Weighted Average Rent and Rental Range by Type of Unit.7
2010-2021 COMPARATIVE AVERAGE RENTAL RATE BY UNIT TYPEChart 3 tracks rental rates by unit type since 2010.Rental rates increased slightly across all unit types over the last survey year, continuing the increasingtrend over the past ten years.In 2021, the largest increase was for three-bedroom units ( 1,038 in 2021, up from 984 in 2018).Caution should be exercised in interpreting data for 4 bedroom units, due to consistently small samplesizes (n 13 in 2021).Chart 3 - Average Rental Rate by Unit Type 2010 - 2021 1,600 1,400Rental Cost 1,200 1,000 800 600 400 200 0Bachelor1-bdrm2-bdrm3-bdrm4 bdrm2010 535 640 751 844 996201120122013201420152016201720182021 548 567 593 625 628 652 670 658 687 642 655 685 735 756 751 759 757 773 761 786 816 865 885 882 876 893 899 844 865 911 945 984 982 975 984 1,038 1,069 1,084 1,256 1,458 1,253 1,253 1,406 1,436 1,4888
SECTION 3 - APARTMENT VACANCY RATESVACANCY RATES BY TYPE OF UNITChart 4 summarizes 2021 vacancy rates by unit type (i.e. bachelor, 1-bedroom, 2-bedroom, 3-bedroom,and 4 -bedroom), compared to 2018.In 2021, there were notable decreases in vacancy rates in bachelor (5.7 per cent, down from 12.6 percent in 2018), and 3-bedroom (10.5 per cent down from 14.5 per cent in 2018) units.Caution should be exercised in interpreting data for 4 bedroom units, due to the small sample size(n 13 in 2021).Chart 4 - Vacancy Rate by Type of Unit 2021100.0%201890.0%2021Number of 3844 Bedroom191070.0%60.0%378350.0%40.0%30.0%20.0%13.3% 12.7%13.2% 12.5%12.6%13.0% r1-Bedroom2-Bedroom3-Bedroom4 Bedroom9
Chart 5 shows the distribution of unit types (i.e. bachelor suites, 1-bedroom, 2-bedroom, 3-bedroomand 4 bedroom) surveyed in 2021.In 2021, proportions remained similar to findings from 2018. The most common unit type was 2bedroom units, totaling 3,783 units out of 7,043 (53.7 per cent) of all the rental stock surveyed. Theleast common unit type available for rent was 4 bedroom units, with 13 units surveyed.Chart 5 – 2021 Distribution of Surveyed Unit TypesApproximately 5 outof every 100 unitssurveyed (384 unitstotal) were bachelorunits.Approximately 27 outof every 100 unitssurveyed (1,910 unitstotal) were1-bedroom units.Approximately 54 outof every 100 unitssurveyed (3,783 unitstotal) were2-bedroom units.Approximately 13 outof every 100 unitssurveyed (953 unitstotal) were3-bedroom units.Less than 1 out ofevery 100 unitssurveyed (13 unitstotal) were 4 bedroom units.See Appendix F for Table 5: Number of Vacancies and Vacancy Rates by Type of Unit.10
Table 1 summarizes the number of units surveyed by unit type and their percentage share of the totalrental stock surveyed, number of vacant units and vacancy rates.Table 1 – Summary of Units Surveyed and Corresponding Vacancy Ratesby Bedroom TypeBachelor1-Bedroom2-Bedroom3-Bedroom4 BedroomNumber ofUnits inSurveyPercentage ofTotal Units inSurvey (%)Number ofVacant Unitsin SurveyVacancy 7831353.70.2529114.07.711
VACANCY RATES BY TYPE OF BUILDINGChart 6 summarizes the 2021 vacancy rates by type of building (i.e. high-rise, store-top, etc.), comparedto the 2018 rates.In 2021, average vacancy rates increased substantially among high-rises (18.5 per cent up from 10.4per cent in 2018).Vacancy rates decreased substantially for store-tops (7.5 per cent, down from 14.1 per cent in 2018),and row houses (9.5 per cent, down from 17.1 per cent in 2018).Chart 6 - Vacancy Rate by Type of Building 20212018100.0%90.0%2021Store TopRow HouseWalk upFour PlexHigh RiseOtherNumber of 30.0%20.0%18.5%17.1%13.3% 12.7%14.4% OverallStore TopRow HouseWalk upFour PlexHigh RiseOther12
Table 2 summarizes the number of units surveyed by type of building and their percentage share of thetotal rental stock surveyed, number of vacant units and vacancy rates.Table 2 – Summary of Units Surveyed and Corresponding Vacancy Ratesby Bedroom TypeStore TopRow HouseWalk-UpFour-PlexHigh-RiseOtherNumber ofUnits inSurveyPercentage ofTotal Units inSurvey (%)Number ofVacant Unitsin SurveyVacancy ,1146409.915.89.16679799.57.112.3See Appendix E for Table 4: Number of Vacancies and Vacancy Rates by Type of Building.13
VACANCY RATES BY AGE OF BUILDINGChart 7 summarizes the overall vacancy rates by age of building in 2018 and 2021.Vacancies increased for buildings built between seven to 23 months (7.4 per cent, up from 6.1 per centin 2018), and five to 10 years (15.5 per cent, up from 12.4 per cent in 2018), while vacancy rates forthose built between two and five years ago (8.0 per cent, down from 13.0 per cent in 2018) and ten ormore years ago (12.6 per cent, down from 13.5 per cent in 2018) decreased since 2018.Chart 7 - Vacancy Rates by Age of Building 20212018100.0%2021 6 Months7-23 months2-5 years5-10 years10 yearsNumber of Units90.0%2380.0%81 %13.0%10.0%6.1%7.4%15.5%12.4%13.5%12.6%5-10 years10 years8.0%00.0%Overall 6 months7-23 months2-5 years14
Table 3 summarizes the number of rental units surveyed by age of building and their percentage shareof the total rental stock surveyed, number of vacant units and vacancy rates.Table 3 – Summary of Units Surveyed and Corresponding VacancyRates by Building Age 6 months7-23 months2-5 years5-10 years10 yearsNumber ofUnits in SurveyPercentage ofTotal Units inSurveyNumber ofVacant Units inSurveyVacancy 15.58.012.6See Appendix D for Table 3: Number of Vacancies and Vacancy Rates by Age of Building.15
COMPARATIVE OVERALL VACANCY RATES 2010-2021Chart 8 illustrates overall vacancy rates over the past ten years.In 2021, the overall vacancy rate decreased to 12.7 per cent, down from 13.3 per cent in 2018.Chart 8 - Overall Vacancy Rates in Rural Alberta 2010 - 201620172018202116
COMPARATIVE VACANCY RATES BY BEDROOM TYPE 2010-2021Chart 9 illustrates vacancy rates by bedroom type since 2010.An overall decrease is seen among bedroom types, with exception of a slight increase among 2-bedroomunits (14.0 per cent, up from 13.0 per cent in 2018).25.0%Chart 9 - Average Vacancy Rate by Unit Type 2010 - 202120.0%15.0%10.0%5.0%0.0%2010Bachelor 14.6%1-Bdrm10.0%2-Bdrm9.9%3-Bdrm8.3%4 Bdrm 0%14.5%7.7%20215.7%12.5%14.0%10.5%7.7%17
VARIANCE BETWEEN 2018 AND 2021 VACANCY RATESTables 4 and 5 depict variances between the 2018 and 2021 vacancy rates by community.In 2021, twenty-three communities experienced an increase in vacancy rates, with greater than tenpercentage point increases in four communities. Fox Creek saw the greatest absolute increase (from 0.8per cent vacancy in 2018, up to 51.9 per cent in 2021). Six communities did not have any change invacancy rates in 2021.Table 4 – Increased or Unchanged Vacancy Rates (%) from 2018-2021CommunityFox CreekSmoky LakeCardstonGrande CacheBeaverlodgeHintonRocky Mountain HouseNantonWestlockHannaBowdenPincher CreekMilletCarstairsSt. PaulPonokaDrayton ValleyRimbeyBlack DiamondBanffSpirit RiverEckvilleHigh can2018 Vacancy Rate2021 Vacancy Rate% Change in Vacancy 03.73.42.42.22.11.41.40.20.00.00.00.00.00.018
Vacancy rates decreased in thirty-four communities, with decreases in excess of ten percentage pointsin ten communities. Two Hills had the greatest absolute reduction in vacancy rates (2.8 per cent in 2021,down from 45.0 per cent in 2018).Table 5 – Decreased Vacancy Rates (%) from 2018-2021Community2018 Vacancy Rate2021 Vacancy Rate% Change in Vacancy RateTwo -11.3Swan 1.4-9.9Wainwright21.712.6-9.1Edson9.31.6-7.7Fort Macleod14.57.7-6.8Bruderheim45.038.8-6.2Slave Lake6.10.0-6.1Athabasca21.115.5-5.6High Level7.82.2-5.6Taber7.41.8-5.6Lac La Biche29.924.4-5.5Grimshaw13.58.3-5.2Crowsnest eace 8.217.4-0.8Vermilion9.28.7-0.5Olds5.04.9-0.1See Appendix H for Table 7: Comparative Vacancy Rates by Community 2011 - 2021.19
SECTION 4 - APARTMENT VACANCIES AND RENTAL RATE RANGESNUMBER OF VACANCIES BY RENTAL RANGE AND TYPE OF UNITTable 6 provides a breakdown of vacancy rates by rental range.Vacancy rates were highest for 2 and 3 bedroom units in the less than 500 range (37.5 per cent and40.0 per cent, respectively) and lowest for bachelor units from the 950 to 1350 range, as well as for4 bedroom units from 800 to 950, and from 1,110 to 1,349 (0.0 per cent each).(The number of units in the table below shows the total number of units surveyed and not the actualnumber of vacant units. Vacancy is represented by percentage within the Table).Table 6 – Vacancy Rates by Type of Unit and Rental Range 500Bachelor(n 384)14.3%(28units) 500 649 650 799 800 949 950 1,099 1,100 (2 units)0.0%(32units) 1,350 1-Bedroom(n units)2-Bedroom(n (363units)3-Bedroom(n ts)0.0%(3 units)11.1%(9 units)4 Bedroom(n 13)0.0%(1 unit)See Appendix C for Table 2b: Number of Vacancies by Rental Range and Type of Unit.20
SECTION 5 – CONCLUSIONIn 2021, rental rates increased slightly (0.6 per cent) across all unit types in rural Alberta, continuing aslight upward trend over the past ten years.Vacancy rates across the province averaged 12.7 per cent in 2021, down from 13.3 per cent in 2018.Twenty-three communities experienced an increase in vacancy rates compared to the previous surveyyear (2018), with greater than ten percentage point increases in four communities. Fox Creek saw thegreatest absolute increase (from 0.8 per cent vacancy in 2018, up to 51.9 per cent in 2021). Sixcommunities did not have any change in vacancy rates in 2021, compared to 2018.Vacancy rates decreased in thirty-four communities, with decreases in excess of ten percentage pointsin ten communities. Two Hills had the greatest absolute reduction in vacancy rates (45.0 per cent in2018, down to 2.8 per cent in 2021).The overall decrease in vacancy rates was driven by sharp decreases among bachelor (down 6.9percentage points) and 3-bedroom (down 4 pecentage points) units. There were decreases in vacancyrates among row-houses (down 7.6 percentage points) and store-top buildings (down 6.6 percentagepoints), and units that were built between 2 to 5 years ago (down 5 percentage points). Bucking thedecreasing trend were increases in vacancies in high rises (up 8.1 percentage points) and in buildingsaged 5 to 10 years old (up 3.1 percentage points).In 2021, the overallvacancy rate was 12.7% approximately 13 out ofevery 100 rental unitswere vacant.21
SECTION 6 - DEFINITIONSNon-responsesRespondent was unable to be contacted, unit was rented at a discount, or unit was undergoingrenovations.Private Market Rental UnitsUnits rented at market rates and not subsidized.Private Market Rental Building TypesFour-plexA building with four rental units, having two to four entrances. Rental unitsare either vertically or horizontally split.Walk-upAn apartment building that has more than four rental units, is usually notmore than six floors, and does not have an elevator. It has a shared mainentrance.Row/townhouseA series of ground-oriented (vertically split) private market rental units,connected by common walls, forming a continuous group. Each rental unithas its own street entrance and may have a back door with a small yard.High-riseAn apartment building with many levels equipped with elevators.Store-topAny type of private market rental unit(s) above a commercial building.OtherMulti-plex private market rental units other than those listed above. Any plexgreater than four rental units (five-plex, six-plex, etc.).RentThe actual amount a tenant pays for their private market rental units. No adjustments are made forinclusion or exclusion of amenities and services such as heat, water, electricity, and parking.Subsidized (Affordable) Rental UnitsA government-owned and/or supported housing unit where rental rates are below market rates.VacantA private market rental unit is considered vacant if, at the time of the survey, it is physically unoccupiedand available for immediate rent. Rental units undergoing renovations are not considered vacant, butare temporarily removed from the survey.22
Appendix A: Table 1: Number of Rental Units Identified23
Table 1: Number of Rental Units Identified and Survey Response RatesNumber of RentalUnits IdentifiedUnits Accountedfor by SurveyResponse Rate(%)Grande Cache8989100.0%Lac La cializedMunicipalityTownCrowsnest Pass*Bassano44100.0%Beaverlodge6161100.0%Black 00.0%Coaldale3333100.0%Didsbury767396.1%Drayton 8100.0%*Fort MacLeod272696.3%Fox igh Level267267100.0%High 99.4%*Mayerthorpe141392.9%*McLennan2727100.0%24
ace River487487100.0%2121100.0%*Penhold*Pincher th272385.2%Slave Lake11711295.7%Smoky Lake3333100.0%*Spirit River1919100.0%St. Swan Hills9494100.0%11111099.1%*Tofield99100.0%Two 00.0%Vermilion127127100.0%Rocky Mountain estlock20320299.5%Total6,6786,57497.8%Grand Total7,1477,043100.0%* This indicates Municipalities where fewer than 30 units exist at the time of survey.25
Appendix B: Table 2: Weighted Average Rent and Rental Range by Type of Unit26
Table 2 Weighted Average Rent and Rental Range by Type of UnitBachelorCommunityHamletAvg.Grande CacheLac La BicheTown2 - Bedroom3 - 1700-915106180011501245Total rrhead571475-625712861Bassano-Beaverlodge-Black 710-710625550-700Drayton 19550-900804Eckville700110069514501
Vacancy rates decreased in thirty-four communities, with decreases in excess of ten percentage points in ten communities. Two Hills had the greatest absolute reduction in vacancy rate(45.0 s per cent in 2018, down to 2.8 per cent in 2021). The overall decrease in vacancy rates was driven by sharp decreases in vacancy rates among
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