rental market News and Articles | My Blog
Average asking rent prices reach $2,193 in February, up 10.5% from 2023
3/12/2024 | Posted in Rental Market by Paul DeAdder
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 ... More
Rent hits another record high in January as average asking price reaches $2,196
2/15/2024 | Posted in Rental Market by Paul DeAdder
The average asking price for rent in Canada reached $2,196 in January, a 10 per cent increase from this time last year — marking another record high amid a deepening ... More
TRREB Releases 2023 Q4 Rental Market Statistics
1/31/2024 | Posted in Rental Market by Paul DeAdder
Condominium apartment leasing activity continued to be strong in the fourth quarter of 2023 according to the latest data released by TRREB. The number of lease transactions ... More
Rent prices rose in 2023 as Canada saw lowest vacancy rate since 1988: CMHC
1/31/2024 | Posted in Rental Market by Paul DeAdder
Rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since the Canada Mortgage and Housing ... More
Asking rents jump 8.6% in December to hit record $2,178 on average: report
1/16/2024 | Posted in Rental Market by Paul DeAdder
A new report says the average asking price in December for a rental unit in Canada was a record $2,178 per month, relatively flat from the previous month but marked an 8.6 per ... More
Renting in Canada - what's happening to rates?
12/12/2023 | Posted in Rental Market by Paul DeAdder
The annual asking rent for all residential property types in Canada saw an increase year-over-year in November and held close to the record high in October, according to the ... More
Rent prices are up $175 in the past six months and have pushed rent inflation to a 30-year high
11/14/2023 | Posted in Rental Market by Paul DeAdder
The average asking rent in Canada has increased by about $175 over the past six months, and is now nearly 10% higher compared to a year ago.
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Average rental prices in Canada surge to records highs in October 2023: report
11/4/2023 | Posted in Rental Market by Paul DeAdder
Rental prices in Canada reached a new high with the average asking price of $2,149 per month, according to a new report.
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July sees unprecedented spike in average Canadian rental unit asking prices: report
8/12/2023 | Posted in Rental Market by Paul DeAdder
Amidst continued interest rate hikes and economic challenges, the average asking price for a rental unit in Canada reached another new record of $2,078 in July, according to a ... More
Canadian rent prices hit a record high in June
7/17/2023 | Posted in Rental Market by Paul DeAdder
Average rent prices hit a record high in June, driven higher by strong population growth and continued demand outpacing new supply.
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6/21/2023 | Posted in Rental Market by Paul DeAdder
The number of people renting in Ontario is going up, and so are rental prices, putting more pressure on an already precarious housing system.
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1.6 million self-employed renters are about to run out of money
3/24/2020 | Posted in Rental Market by Paul DeAdder
The COVID-19 coronavirus outbreak is highlighting the fragility of millions of Canadian households, which face a stark choice between paying their bills or putting food on the ... More
Rents eased in Toronto, Vancouver last month but others are rising
2/18/2020 | Posted in Rental Market by Paul DeAdder
Canadian renters are facing larger monthly payments in many markets according to a new report.
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2/13/2020 | Posted in Rental Market by Paul DeAdder
The average rent for a two-bedroom apartment in big cities increased by 3.9%, clocking the fastest growth since 2001.
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Toronto poised to lead growth in rents
1/9/2020 | Posted in Rental Market by Paul DeAdder
Average rents in Canada are expected grow by 3% this year, while Toronto will see a stronger 7% increase in rents.
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Townhouses lead growth in rents
12/1/2019 | Posted in Rental Market by Paul DeAdder
The annual increase in Canadian rents was not consistent across property types.
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TREB Releases Rental Market Figures as Reported by GTA Realtors
10/3/2019 | Posted in Rental Market by Paul DeAdder
Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 10,800 condominium apartment rentals through TREB’s ... More
Toronto condo apartment rentals up 15% in June
7/5/2019 | Posted in Rental Market by Paul DeAdder
The strength of the economy and labour market in the Greater Toronto Area is boosting rental activity.
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Demand, rates rise for Canadian apartments
6/28/2019 | Posted in Rental Market by Paul DeAdder
The average monthly rental rate in Canada increased by four per cent in May following two months of declines, but demand for apartments is expected to remain strong according ... More
12/18/2018 | Posted in Rental Market by Paul DeAdder
Canadian landlords will be increasing rents in 2019 as strong demand for rental housing continues amid high home prices and tighter mortgage lending rules.
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