Edmonton is experiencing increased demand for new purpose-built rentals due to migration and population growth. Rising rents have contributed to the growth in the rental market. In Calgary, both the rental and ownership markets for multi-family housing are seeing strong growth, with rising rents and lower vacancy rates. Demand for new multi-family homes in Calgary has led to increased sales and higher average prices. In comparison, Edmonton has seen stronger demand for new rentals but less demand for new multi-family homes for ownership.