Rent increases slowing in Canada. Here’s where price hikes are cooling most
A report says the average asking price for a rental unit in Canada was $2,174 in November, relatively flat from the previous month but an 8.4 per cent increase year-over-year.
The data released Friday by Rentals.ca and Urbanation, which analyzes monthly listings from the former’s network, showed the annual rate of rent growth in Canada continues to slow, following increases of 9.9 per cent in October and 11.1 per cent in September.
