Rent prices are up $175 in the past six months and have pushed rent inflation to a 30-year high
11/14/2023 | Posted in Rental Market by Jessi Sandhu
The average asking rent in Canada has increased by about $175 over the past six months, and is now nearly 10% higher compared to a year ago.
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Average rental prices in Canada surge to records highs in October 2023: report
11/4/2023 | Posted in Rental Market by Jessi Sandhu
Rental prices in Canada reached a new high with the average asking price of $2,149 per month, according to a new report.
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July sees unprecedented spike in average Canadian rental unit asking prices: report
8/12/2023 | Posted in Rental Market by Jessi Sandhu
Amidst continued interest rate hikes and economic challenges, the average asking price for a rental unit in Canada reached another new record of $2,078 in July, according to a ... More
Canadian rent prices hit a record high in June
7/17/2023 | Posted in Rental Market by Jessi Sandhu
Average rent prices hit a record high in June, driven higher by strong population growth and continued demand outpacing new supply.
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6/21/2023 | Posted in Rental Market by Jessi Sandhu
The number of people renting in Ontario is going up, and so are rental prices, putting more pressure on an already precarious housing system.
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1.6 million self-employed renters are about to run out of money
3/24/2020 | Posted in Rental Market by Jessi Sandhu
The COVID-19 coronavirus outbreak is highlighting the fragility of millions of Canadian households, which face a stark choice between paying their bills or putting food on the ... More
Rents eased in Toronto, Vancouver last month but others are rising
2/18/2020 | Posted in Rental Market by Jessi Sandhu
Canadian renters are facing larger monthly payments in many markets according to a new report.
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2/13/2020 | Posted in Rental Market by Jessi Sandhu
The average rent for a two-bedroom apartment in big cities increased by 3.9%, clocking the fastest growth since 2001.
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Toronto poised to lead growth in rents
1/9/2020 | Posted in Rental Market by Jessi Sandhu
Average rents in Canada are expected grow by 3% this year, while Toronto will see a stronger 7% increase in rents.
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Townhouses lead growth in rents
12/1/2019 | Posted in Rental Market by Jessi Sandhu
The annual increase in Canadian rents was not consistent across property types.
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TREB Releases Rental Market Figures as Reported by GTA Realtors
10/3/2019 | Posted in Rental Market by Jessi Sandhu
Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 10,800 condominium apartment rentals through TREB’s ... More
Toronto condo apartment rentals up 15% in June
7/5/2019 | Posted in Rental Market by Jessi Sandhu
The strength of the economy and labour market in the Greater Toronto Area is boosting rental activity.
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Demand, rates rise for Canadian apartments
6/28/2019 | Posted in Rental Market by Jessi Sandhu
The average monthly rental rate in Canada increased by four per cent in May following two months of declines, but demand for apartments is expected to remain strong according ... More
12/18/2018 | Posted in Rental Market by Jessi Sandhu
Canadian landlords will be increasing rents in 2019 as strong demand for rental housing continues amid high home prices and tighter mortgage lending rules.
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Rental vacancy rate dips to 2.4% across Canada, CMHC says
11/28/2018 | Posted in Rental Market by Jessi Sandhu
Canada added 37,000 apartments this year, but demand rose by even more to 50,000 units.
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Long-term demand for Toronto's rental market
11/16/2018 | Posted in Rental Market by Jessi Sandhu
Immensely positive prospects for employment will fuel prolonged demand for rental residences in Toronto, according to a new analysis by Marcus & Millichap.
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Fair Housing Plan triggered rent inflation
10/31/2018 | Posted in Rental Market by Jessi Sandhu
In a keynote speech delivered at the National Mortgage Conference in Montreal this week, Benjamin Tal warned that instituting rent control could spell disaster.
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Rental Rates Soar By Double Digits In Half Of Canada's Largest Cities
5/17/2018 | Posted in Rental Market by Jessi Sandhu
The cost of renting an apartment is climbing rapidly in many of Canada's largest cities, led by Toronto and nearby places, new data shows.
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Toronto report highlights soaring apartment rents
2/10/2018 | Posted in Rental Market by Jessi Sandhu
A new city report released on Friday says purpose-built apartment rent increases in 2017 soared to a 15-year high while vacancy rates sank to their lowest level in 16 ... More
Rental market set for turbulence
10/13/2017 | Posted in Rental Market by Jessi Sandhu
Competition in Toronto's condo rental market has become so fierce that bidding wars are on the ... More
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