Rental rates for homes in Calgary are down by about 11 to 18 per cent according to one rental website. Mark Hawkins of told CBC News that with CMHC data showing vacancy rates in the city up to 5.3 per cent in October 2015 compared to 1.4 per cent a year earlier, renters can now expect to pay an average $1,581. National rental vacancies were 3.3 per cent in the October figures.

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