Average asking rent hit a record high of $2,078 in July: report

by Blazingcatfur•August 29, 2023August 29, 2023•0•"Homelessness & Affordability Crisis", "Mass Immigration - Follow the money", "Societally Destructive Immigration Policy", Canada, Canada's Corporate Welfare Class, Canada's Corrupt Liberal Government, Canada's Corrupt Political Class

The Canadian rental market has reached a new record, with the average asking rent surging to $2,078 in July.

This marks an 8.9 per cent annual increase, the most rapid growth seen in three months, according to a new report from Rentals.ca. This coincides with a 1.8 per cent rise in average asking rents in Canada from June, representing the most substantial month-over-month growth observed in the past eight months.