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Prices falling, rents rising in Canada’s paradoxical housing market

An unintended consequence of falling prices is the increased pressure on rental housing

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A paradoxical housing market has emerged recently in Canada. On the one hand are the falling housing prices and sales; on the other are rapidly escalating rents that have increased pressure on renter households.

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Recently released data by the Toronto Regional Real Estate Board (TRREB) has revealed that the average rent for a one-bedroom apartment, the most common type of rental abode, increased by 20 per cent…

Read more at financialpost.com

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