EDMONTON - The recent downturn in Edmonton's housing market may benefit university and college students looking for a place to live this fall.
Some real-estate investors struggling to sell their properties are now offering them to tenants, providing a small bit of relief to what has been one of the country's tightest rental markets.
"We haven't seen any real rollback in prices but they have stopped increasing, which is a sign that things are a little better," said Mark Dumouchel of rentingspaces.ca, an online housing registry for students at the University of Alberta, Grant MacEwan College and NAIT.
"The market is still pretty tight but it's not quite as bad as last year."
However, while the supply of accommodations has increased, there is concern about how many of the additional rental properties are affordable for students.
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