Canada\u0027s average rent is up 12% from last year and rent in Toronto are up 24%. Find out more
While month-over-month rents increased only slightly, year-over-year rents were up 12.4 per cent, meaning new renters are paying roughly $224 more than last year.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. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.
Among major national markets with populations over one million, average rent for condominiums and purpose-built apartments accelerated in the most expensive cities, Vancouver and Toronto, posting annual growth of 24.3 per cent to $3,104 and 23.7 per cent to $2,864, respectively.
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