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
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
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.
... MoreAverage 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.
... MoreCanadian housing costs have hit 30-year high, StatCan data shows
9/19/2023 | Posted in Canada Living by Paul DeAdder
Canadians are paying more for housing as of August 2023 than in the past three decades, Statistics Canada data shows.
... MoreCanadian 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.
... More1.6 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.
... More2/13/2020 | 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.
... MoreToronto 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.
... MoreTownhouses 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.
... More11/25/2019 | Posted in Canadian Housing Market by Paul DeAdder
Canadians are satisfied with their homes and neighbourhoods but will probably not stay put according to a new survey.
... MoreDemand, 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
Canadian Rental Rates Rise At Fastest Pace In 30 Years
3/3/2019 | Posted in Canadian Housing Market by Paul DeAdder
The cost of rental housing jumped by the most in 30 years in January, according to Statistics Canada data.
... MoreToronto tech sector slated for more growth
2/6/2019 | Posted in Toronto News by Paul DeAdder
The Greater Toronto Area’s tech sector, the fastest growing in North America, expected to attract young professionals in greater numbers this year.
... MoreGTA condos saw record-breaking rent rises in 2018
1/14/2019 | Posted in GTA Real Estate by Paul DeAdder
Condo apartment owners in the GTA saw higher returns on their investments in 2018 with rents setting a new record.
... MoreWhy 2019 could be one of Toronto renters' toughest years yet
12/28/2018 | Posted in Canadian Housing Market Predictions by Paul DeAdder
If you’re looking to rent in Toronto, 2019 is poised to be a challenging year.
... MoreRental vacancy rate dips to 2.4% across Canada, CMHC says
11/28/2018 | Posted in Rental Market by Paul DeAdder
Canada added 37,000 apartments this year, but demand rose by even more to 50,000 units.
... MoreOntario scraps rent control for new units
11/20/2018 | Posted in Ontario Real Estate by Paul DeAdder
Starting immediately, rent control rules will no longer apply to buildings and flats being rented for the first time, the Progressive Conservative government announced ... More
Long-term demand for Toronto's rental market
11/16/2018 | Posted in Rental Market by Paul DeAdder
Immensely positive prospects for employment will fuel prolonged demand for rental residences in Toronto, according to a new analysis by Marcus & Millichap.
... MoreFair Housing Plan triggered rent inflation
10/31/2018 | Posted in Rental Market by Paul DeAdder
In a keynote speech delivered at the National Mortgage Conference in Montreal this week, Benjamin Tal warned that instituting rent control could spell disaster.
... MoreCanadian Rental Rates Soar In Half Of Largest Cities
8/31/2018 | Posted in Canadian Housing Market by Paul DeAdder
Toronto is still the nation's priciest rental market, while rental rates are soaring in half of Canada's largest cities. The year-over-year numbers paint an even ... More
Rental Rates Soar By Double Digits In Half Of Canada's Largest Cities
5/17/2018 | Posted in Rental Market by Paul DeAdder
The cost of renting an apartment is climbing rapidly in many of Canada's largest cities, led by Toronto and nearby places, new data shows.
... MoreToronto's monthly rents saw a sharp upward spike in Q1
4/15/2018 | Posted in Toronto Real Estate by Paul DeAdder
Average monthly rents in Canada’s biggest city surged 10.7% year-over-year in Q1 2018 to $2,206, according to a new report from Urbanation Inc.
... MoreToronto report highlights soaring apartment rents
2/10/2018 | Posted in Rental Market by Paul DeAdder
A new city report released on Friday says purpose-built apartment rent increases in 2017 soared to a 15-year high while vacancy rates sank to their lowest level in 16 ... More
Suburbs becoming attractive again for renters
1/17/2018 | Posted in GTA Real Estate by Paul DeAdder
Suburban allure has largely become a thing of the past, but in the Greater Toronto Area - where the cost of housing grows astronomically by the month - the outskirts are ... More
GTA condo rental prices soar as demand outweighs supply
1/14/2018 | Posted in GTA Real Estate by Paul DeAdder
The construction cranes seem to be everywhere you look in downtown Toronto, but finding a condo to call home is becoming increasingly more difficult, and costly, for a legion ... More
Census data sheds light on rental supply
10/27/2017 | Posted in Toronto Real Estate by Paul DeAdder
This week’s census data revealed Canadians’ changing living habits – and the trickle-down effect that’s affecting the rental market and its existing ... More
