Canada’s red-hot rental market is likely only going up from here, experts say.
The country’s record immigration targets, alongside limited supply, have driven the average price of a one-bedroom condominium in Canada’s most populated areas, which include Vancouver and Toronto, to rise above $2,500 as of March, according to the latest data from Rentals.ca.
In Toronto, the average cost to rent a one-bedroom condo was $2,506 in March, marking a 22 per cent increase from the same time last year, the data showed.
