Rental rates rising

When it comes to the Albertan city with the fastest rising rental prices, we’re number two.

The average monthly cost of renting a two-bedroom apartment in Grande Prairie increased 8.8% in 2012, trailing only Cold Lake at 10%, according to a recent report from the Canadian Mortgage and Housing Corporation.

In 2012, the average price of a two-bedroom in Grande Prairie was $1,004 – an increase of $161 in the past two years.

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