94
submitted 2 years ago by girlfreddy@lemmy.world to c/canada@lemmy.ca

Canada's rental crisis is getting worse, according to a new report that found the average asking price for rent in September was $2,149 — up by more than 11 per cent compared to a year ago.

That's according a data analysis of tens of thousands of new rental listings across the country from Rentals.ca and real estate consulting and research firm Urbanation.

And according to the September report, average rents aren't just headed up — they're increasing at their fastest pace this year.

While the general national trend is pricier rents, the situation is playing out differently in individual markets.

Toronto remains one of the most expensive in the country, with the average cost of a one-bedroom property now at $2,614 a month. But the pace of rent hikes in the Ontario city has slowed considerably in recent months, and was down by 0.2 per cent from August's level. Compared to one year ago, Toronto rents are up by 4.9 per cent.

you are viewing a single comment's thread
view the rest of the comments
[-] PipedLinkBot@feddit.rocks 2 points 2 years ago

Here is an alternative Piped link(s):

https://piped.video/kWfbLPmOeTs?feature=shared

https://www.piped.video/watch?v=sKudSeqHSJk

Piped is a privacy-respecting open-source alternative frontend to YouTube.

I'm open-source; check me out at GitHub.

this post was submitted on 14 Oct 2023
94 points (98.0% liked)

Canada

10069 readers
597 users here now

What's going on Canada?



Related Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales


🗣️ Politics


🍁 Social / Culture


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 4 years ago
MODERATORS