Calgary's apartment sales slumped last month, falling by over a fifth of what they were at this time last year.
But the city is still one of Canada's priciest when it comes to renting apartments.
Cowtown was third on the list of most expensive places to rent a one-bedroom unit in rankings published by Padmapper on Tuesday.
Condo buildings in Calgary. (Photo: Richard Cummins/Getty Images)
The median rental rate was $1,110 for a one-bedroom last month, up 3.7 per cent from May.
Only Vancouver and Toronto were more expensive, with rates at $1,740 and $1,350, respectively.
Calgary from above. (Photo: Stuart McCall/Getty Images)
The trend came as Calgary's June apartment sales dropped by 21.8 per cent from the same month last year, and as listings went up by 27.6 per cent.
Prices, however, didn't fall as quickly as sales — the average price dropped by 3.68 per cent year over year to settle at $310,383.
Padmapper's rankings of most expensive places to rent across Canada. (Photo: Padmapper)
Padmapper came up with its list by looking at rental data from active listings across Canada.
Then, it aggregated the listings to determine median asking rents for Canada's 25 most highly-populated metropolitan areas.
Saguenay, Que. ranked at the bottom of the list with monthly rent of $540 for a one-bedroom apartment, followed by Sherbrooke, Que. at $560. Both were down 1.8 per cent compared to last month.
Saguenay, Que. (Photo: Bruce Yuanyue Bi/Getty Images)
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Location: Stuart Lake, B.C. Price: $85,476 Like American Island, Sweet Island is also in Stuart Lake — a great spot fishing rainbow trout, char, lake trout, and sturgeon. Sweet Island has a high elevation with no cliffs and boasts tons of pine and aspen trees. There's already old house for accomodation, and a half-acre clearing for a garden. The entire island is 66 kilometres long, 10 kilometres wide, and has 170 kilometres of shoreline. And if anyone ever needs a break on the mainland, the town of Fort St. James is also on Lake Stuart's shoreline with full services like lodges and motels. (Photo: Private Islands Online)
Location: Tusket Island Chain, Yarmouth County, N.S. Price: $65,000 A great place for a summer retreat, the Big Tusket Island Parcel is actually two pieces of land that total 37 acres of size. The chain, a group of granite islands located off of Nova Scotia's Southwestern coast, is primarily uninhabited. The islands offer a very natural environment and is home to a number of unique lighthouses. There's electricity on both islands, and amenities are available in Comeau's Hill — an attractive Acadian coastal town. (Photo: PrivateIslandsOnline.com)
Location: Lama Passage, B.C. Price: $249,000 Lizzies Cove Island is a magnificent 6.5-acre, virgin-forested island with almost two kilometres of ocean front. Cruise ships and killer whales regularly pass by one side of the island, and fishing in the area is "superb," according to its listing. The nearby town of Bella Bella offers plenty of amenities, including a hospital, post office, and liquor store. (Photo: Private Islands Online)
Location: Mahone Bay, N.S. Price: $90,000 At 11.5 acres, Tancook Island is the largest island in Mahone Bay — an area with lots of fishing and about 125 year-round residents. (Photo: Private Islands Online)
Location: Stuart Lake, B.C. Price: $431,482 Johnson Island is a private, 20-acre space that has been occupied by the same family since 1947. It has about one kilometre of shoreline, and the cabin's beachfront has stunning views of the northern lights and stunning sunsets. The cabin, built in 1949, is made of reclaimed old growth timber from the island. It has a large front room divided into a kitchen, as well as a comfortable dining room. The house, which sleeps six people, also has a detached shower room and smokehouse. Access is by float plane or boat, the latter of which can be launched from the nearby village of Tachi. (Photo: Private Islands Online)
Location: Ontario, near Manitoulin Island Price: $103,000 Little Island, or Jenny Island, is a historically significant commercial fishing outport, where the fisherman and their families lived for the season during the 1800s and early 1900s. The land is accessible both by boat and by plane. (Photo: Private Islands Online)
Location: Southern Gulf Islands, B.C. Price: $380,000 This 7.5-acre property has been left entirely in its natural state. Located in the southern Gulf Islands, it's a completely private island with an impressive fir forest. The island isn't far from Ladysmith, and sits in the Stuart Channel. (Photo: Private Islands Online)
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