The City of Edmonton has extended a $3 million grant program to encourage low-cost secondary suites in private homes, but the real demand in the city is not for cheap rentals.

A recent Canada Mortgage and Housing Corp. (CMHC) survey found that, in a city where the overall rental vacancy rate is 1.7 per cent, the vacancy rate in units that rent for less than $750 per month is approaching 3.5 per cent and was as high as 5.5 per cent a year ago.

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