Average asking price for rental units in Canada hit $2,193 in February, up 10.5% from 2023
A new report says the average asking price for a rental unit in Canada was $2,193 per month in February, marking a 10.5 per cent jump year-over-year and the fastest annual growth since September 2023.
The data released Monday by Rentals.ca and Urbanation, which analyzes monthly listings from the former’s network, shows the average monthly cost of a one-bedroom unit in February was $1,920, up 12.9 per cent from the same month in 2023.
The average asking price for a two-bedroom was $2,293, up 11.3 per cent annually.
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