Rent up 10.5% from 2023
The Canadian Press – Mar 11, 2024 / 7:33 am | Story: 476416
Photo: The Canadian Press
A realtors sign advertises a house as for sale or for rent, in Ottawa on June 9, 2023. THE CANADIAN PRESS/Adrian Wyld
A new report says the average asking price for a rental unit in Canada was $2,193 per month in February, marking a 10.5 per cent jump year-over-year and the fastest annual growth since September 2023.
The data released Monday by Rentals.ca and Urbanation, which analyzes monthly listings from the former’s network, shows the average monthly cost of a one-bedroom unit in February was $1,920, up 12.9 per cent from the same month in 2023. The average asking price for a two-bedroom was $2,293, up 11.3 per cent annually.
The report says asking rents in Canada have increased overall by a total of 21 per cent, or an average of $384 per month, from two years…
