Introduction: A Two-Sided Story
For investors, Alberta’s rent growth is a dream: more income and higher returns. For retired tenants, though, the same trend can feel daunting. Calgary’s average rent recently crossed $2,000/month, while Edmonton is nearing $1,500. If you’re living on retirement savings, that shift may feel more personal than just numbers on a chart.
So, is Alberta still a good place for seniors to rent? The answer is yes, but with some smart strategies.
Alberta’s Rental Market at a Glance
- Rent growth reached a 40-year high in 2023, with some Calgary units experiencing year-over-year increases of 20–30%.
- Alberta remains cheaper than Vancouver or Toronto, but is rising faster than almost any other province.
- With no rent control, landlords can adjust rents annually to market value.
This creates flexibility for landlords and uncertainty for tenants, especially older ones who value stability.
Why Seniors Still Have an Advantage
Despite rising costs, Alberta has unique factors that make it senior-friendly:
- More Housing Choice: Compared to other big cities, Alberta offers more affordable apartments and senior-focused housing options.
- Stable Economy: A strong local economy means better services, healthcare, and amenities for seniors.
- Community Support: Property managers like Green Casa recognize the importance of treating seniors with fairness and dignity.
Tips for Retired Tenants Facing Rent Increases
- Ask About Incentives – Some landlords offer reduced increases for long-term, reliable tenants.
- Consider Downsizing Strategically – Moving to a slightly smaller unit in the same area could balance costs while keeping community ties.
- Look for Purpose-Built Rentals – Newer buildings often come with better accessibility, which benefits older residents.
- Stay Informed – Resources like the Residential Tenancies Act ensure seniors know their rights when negotiating.
The Investor Angle: Why Seniors Matter
Landlords should recognize that senior tenants often bring stability, reliability, and care for the property. For investors, supporting senior housing not only fulfills a social responsibility but also helps ensure steady rental income.
Conclusion: Balance Is Possible
Yes, Alberta’s rents are rising quickly, but for seniors, that doesn’t mean security is out of reach. With the right planning, clear communication, and a supportive property manager, retired tenants can continue to enjoy the independence and comfort of renting in Alberta’s growing cities.
At Green Casa, our focus is on ensuring that older residents feel safe, respected, and valued, because retirement should be about comfort, not stress.
