Although the pace of increase has come down ever so slightly, the price of rental accommodation in Canada continues to go up, with the average new tenant now being asked to pay $2,117 a month.
That’s according to a new report from Rentals.ca, which tabulates the data every month from its database of the largest single group of rental listings across the country.
The $2,117 figure is an increase of 9.6 per cent from the average rent in August 2022. That’s down from an all-time high of 12 per cent from August 2021 until August of last year, but still the highest figure ever in dollar terms.
