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Rent Prices On The Rise Again

Steve Huebl
Publication date:
August 17, 2022
Article Summary: 

Rent prices in Canada are continuing to increase, with the average national rent price at $1,934, up 10.4% compared to a year ago, according to data from Single-family homes saw the biggest year-over-year increase at 14.1%, with rental apartments averaging a 7.7% increase. British Columbia had the highest average rental rate at $2,590, with Ontario following at $2,332. The report attributes the upward pressure on rents to rising interest rates and more people returning to the office. Other factors driving demand include elevated immigration levels and an unemployment rate near historic lows.


Canada, rent prices,, single-family homes, rental apartments, interest rates, immigration.

Source Citation: 
Steve Huebl
Rent Prices On The Rise Again
August 17, 2022
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