As both Calgary's and Alberta's economies continue to thrive, rental vacancies are showing decreased numbers compared to last year.

According to the Canada Mortgage and Housing Corporation (CMHC), the apartment vacancy rate decreased in Calgary's Census Metropolitan Area to 1.3 per cent this October compared to 1.9 per cent in October of 2011.

A poll released by BMO Bank of Montreal shows 67 per cent of respondents consider buying property near a post-secondary campus to be a good investment.

Nearly one in 10 Canadians have purchased a property near a college or university because they intend to rent it to students or have their children there during their studies. BMO suggests the willingness to invest in those properties capitalize on post-secondary enrollment that's increased three per cent annually in the last decade.