Nationally, rents averaged $209 per month higher than in the same month a year ago. Find out more about rent prices across Canada.
While the month-over-month average decreased slightly in October, year-over-year results rose 11.9 per cent. Rents charged last month averaged $209 per month higher than in the same month a year ago at $1,767. The overall rise in rent comes as many potential homebuyers continue to lease as interest rates rise and inflation runs hot. The Bank of Canada’s final interest rate announcement of the year is expected in December.Start your day with a roundup of B.C.
Atlantic Canada has experienced the steepest rises in rental costs over the past year, with an average rent increase of 32.2 per cent. In Ontario, British Columbia and Alberta, rents have still risen dramatically, by 17.7 per cent, 15.1 per cent, and 13.2 per cent, respectively, over the past year.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toronto rent climbs 26% from last year, but national average cools in OctoberNationally, rents averaged $209 per month higher than in the same month a year ago. Find out more about rent prices across Canada.
Read more »
Toronto rent climbs 26% from last year, but national average cools in OctoberNationally, rents averaged $209 per month higher than in the same month a year ago. Find out more about rent prices across Canada.
Read more »
New construction home sales in Toronto region down 53 per cent in OctoberHomebuilders’ association says that despite the lowest October sales since 2008, there are signs that interest rate shocks may be stabilizing
Read more »
A look at how much it costs to rent an apartment in Toronto - Toronto | Globalnews.caThe report from Rentals.ca suggests that the average price of Toronto rent across all units in October was $2,820.
Read more »
26 Americans Share Why These US Cities Are The Worst In An Honest Online ThreadIt would be utterly naive to think that every single place is ‘equal’ in terms of the quality of life that it offers.
Read more »
Hamilton mayor calls for investigation after sewer leak went undetected for 26 yearsHamilton Mayor Andrea Horwath is calling for an investigation after city staff discovered a pipe has been dumping sewage into the local harbour undetected for 26 years.
Read more »