Average Canadian rent tops $2,200 in July even as pace of growth slows, report finds
Rents are still rising in Canada but the year-over-year pace of growth has slowed, according to a new report.
The data from Rentals.ca and Urbanation says asking rents for all residential property types averaged $2,201 in July, up 5.9 per cent from last year.
The year-over-year increase is the slowest rise since early 2022, while more recently, growth has often topped 10 per cent, the report said.
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