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

The Online Finance
By The Online Finance
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An unintended consequence of falling prices is the increased pressure on rental housing

Publishing date:

Aug 02, 2022  •  August 3, 2022  •  4 minute read  •  14 Comments

Condo buildings in the Liberty Village neighbourhood in Toronto. Photo by REUTERS/Carlos Osorio files

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.

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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