Primary Rental Market
Summary Statistics

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Wood Buffalo (SM) — Historical Rental Market Statistics Summary

  Vacancy Rate (%) Availability Rate (%) Average Rent ($) Median Rent ($) % Change Units
1998 October 1.4 a ** 669 a 680 a 9.8 a 3,179
1999 October 0.6 a ** 706 a 720 a 5.6 a 3,184
2000 October 0.1 a ** 893 a 875 a 26.8 a 3,173
2001 October 0.5 a ** 1,069 a 1,050 a 20.7 a 3,255
2002 October 4.6 b ** 1,067 a 1,050 a ++ 3,221
2003 October 3.3 a ** 1,084 a 1,050 a ++ 3,209
2004 October 0.2 a ** 1,157 a 1,100 a 4.7 b 3,252
2005 October 0.2 a 0.6 a 1,408 a 1,300 a 21.4 a 3,236
2006 October 0.2 a 0.4 a 1,607 a 1,475 a 16.7 a 3,063
2007 October 0.3 a 0.6 a 1,968 a 1,800 a 24.5 a 3,234
2008 October 0.5 a 0.7 a 2,190 a 2,019 a 14.1 a 2,905
2009 October 10.1 a 10.5 a 2,052 a 1,969 a -3.2 d 2,914
2010 October 5.6 a 5.9 a 2,106 a 2,049 a 1.7 c 3,061
2011 October 9.4 a 9.5 a 1,949 a 1,850 a -6.1 a 2,919
2012 October 5.6 a 5.9 a 1,890 a 1,800 a -1.5 a 2,622
2013 October 5.4 a 7.1 a 2,067 a 2,000 a 6.5 b 2,865
2014 October 11.7 a 16.2 a 2,035 a 2,000 a -3.2 b 2,991
2015 October 29.3 a 34.4 a 1,780 a 1,695 a -12.6 a 3,121
2016 October 17.8 d 20.3 d 1,395 a 1,400 a -14.0 a 3,136
2017 October 23.3 a 25.3 a 1,507 a 1,474 a -1.5 d 3,238
2018 October 22.4 a ** 1,431 a 1,413 a -1.9 a 3,202
2019 October 22.4 a ** 1,382 a 1,393 a -3.7 b 3,209
2020 October 14.0 a ** 1,347 a 1,300 a -4.2 b 3,013
2021 October 19.7 a ** 1,329 a 1,300 a -2.6 a 3,213
2022 October 12.7 c ** 1,301 a 1,279 a -1.2 a 3,346
2023 October 8.8 a ** 1,375 a 1,300 a 5.1 b 3,319
2024 October 10.2 a ** 1,437 a 1,355 a 5.2 a 3,317
Notes:
  • The following letter codes are used to indicate the reliability of the estimates: a — Excellent, b — Very good, c — Good, d — Poor (Use with Caution))
  • ** — Data suppressed to protect confidentiality or data not statistically reliable
  • ++ — Change in rent is not statistically significant. This means that the change in rent is not statistically different than zero (0). (Applies only to % Change of Average Rent Tables).
Source: CMHC Rental Market Survey (opens in new window)