Canada\u0027s average rent rose 4.3% from August to $2,043 per month in September. Read more.
Rent for all property types is up 21.9 per cent from the recent market low of $1,676 per month reached in April 2021. The average rent in Canada is now almost $100 above the pre-pandemic peak reached in the fall of 2019, when rents averaged $1,954 per month.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
Still, there are signs that the rental market pressure could start softening. “Pageviews per listing in September declined to about the average level from Q2-2020 to Q1-2022, before the interest rate hikes,” the report said. Due to the nature of the rental market, demand is also expected to slow between November through February.Article content
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