91.5FM
91.5HD2
airing nowConnect FM 101.7 Edmonton
airing now
8.85 c
8.85 cEdmonton
airing now|91.5 FM
91.5 HD2
Rent rates in Canada broke all previous records in July
BY The Canadian Press, Aug 11, 2023 6:20 PM - REPORT AN ERROR
This is the fastest increase in rent during the last three months.
In the month of July, the rent rate in Canada has broken all previous records.
According to data from Rentals.ca and research firm Urbanation, the average rent in Canada was $2,078 in July, which is 8.9% more than July last year.
This is the fastest increase in rent during the last three months.
The reason for the increase in rent is considered to be post-secondary students signing leases before the fall, population growth, and interest rate increase that forced people are to put off their idea of buying houses.
Share on
Related News
Sign up for the newsletter
We'll deliver best of entertainment right into your inboxWe love to hear from our listeners, so feel free to send us message
Message us on whatsapp
