A new report says the average asking rent for a home in Canada hit a record $2,202 in May, up 9.3 per cent compared with a year ago and 0.6 per cent from the previous month.
A for rent sign is displayed on a house in a new housing development in Ottawa on Friday, Oct. 14, 2022. THE CANADIAN PRESS/Sean Kilpatrick
Overall, asking rents for purpose-built rental apartments in May increased 13.7 per cent compared with a year earlier to reach an average of $2,146. That was followed by Alberta, where average rents rose 17.5 per cent to $1,787, and Nova Scotia, which saw a 17.1 per cent increase to $2,238. Rents in those three provinces drove the majority of annual rent inflation for apartments in Canada, the report said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Average asking rents in Canada reach record $2,202 in May, says new reportBased on the report, the average asking rent for a one-bedroom unit in Canada was $1,927 in May, up 10.7 per cent from a year ago
Read more »
Average asking rents in Canada reach record $2,202 in May, says new reportA new report says the average asking rent for a home in Canada hit a record $2,202 in May, up 9.3 per cent compared with a year ago and 0.6 per cent from the previous month. The report by Urbanation and Rentals.
Read more »
Average asking rents in Canada reach record $2,202 in May, says new reportA new report says the average asking rent for a home in Canada hit a record $2,202 in May, up 9.3 per cent compared with a year ago and 0.6 per cent from the...
Read more »
Average hourly wage in Canada now $34.95: StatCanAverage hourly wages among Canadian employees rose to $34.95 on a year-over-year basis in April, a 4.7 per cent increase, according to a Statistics Canada report released Friday morning.
Read more »
Western Canada and the North face an above average wildfire risk in June, federal officials saySmoke and flames from wildfires serve as a backdrop for homes across Okanagan Lake in West Kelowna, British Columbia, on Aug. 17, 2023.
Read more »
Air Canada to offer free beer, wine on flights in Canada, U.S.Explore stories from Atlantic Canada.
Read more »