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HomesTrend / Calgary / Indicators / Rental Vacancy

What is the rental vacancy rate in Calgary right now?

The vacancy rate is the share of rental units sitting empty in Calgary. A low number means rentals are scarce โ€” which pushes rents up and can push renters toward buying.

Rental Vacancy ยท Calgary CMA (CMHC, annual)Updated Jan 2025
5.0%
Updated annually ยท โ–ฒ 0.2 pp vs last year

The percentage of rental units in Calgary that are currently empty. A low vacancy rate means rentals are scarce, which puts upward pressure on rents and can push renters toward buying.

Recent trend
Last 24 months
What this means for Calgary right now

As of July 2026, Calgary's strongest market signal is Hold at 70% โ€” Buy 47%, Hold 70%, Sell 48%.

Market conditions currently favour holding โ€” prices are stable and inventory is balanced.

What this means for you

If you're buying

A tight rental market (low vacancy) often nudges renters into buying, adding demand. A looser market eases that pressure.

If you're selling

Low vacancy supports rental demand and can make income properties more attractive to buyers.

Calgary market context

Alberta's largest market, where energy-sector cycles drive sharper price swings than the national average.

Unemployment Rate ยท Alberta (Statistics Canada)
7.5%

Common questions

Is now a good time to buy in Calgary?
As of July 2026, Calgary's strongest market signal is Hold (70%). Market conditions currently favour holding โ€” prices are stable and inventory is balanced. Not financial advice.
What is a healthy vacancy rate?
Around 3% is generally considered balanced; below that, rentals are tight and rents tend to rise.
How often is the Calgary vacancy rate updated?
CMHC publishes it once a year, so it changes annually rather than monthly.
Wondering if it's a good time to buy in Calgary?
See the Calgary signal โ†’
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Data sourced from Bank of Canada, OSFI, Statistics Canada, CMHC. Not financial advice.