Asking rent prices in March up 8.8% from year ago, but down from February: Urbanation

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Asking rent prices in March up 8.8% from year ago, but down from February: Urbanation
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TORONTO — A new report says the asking rent for a home in Canada in March was up 8.8 per cent compared with a year ago, but down from February. The report by Urbanation, which analyzes monthly listings from Rentals.

TORONTO — A new report says the asking rent for a home in Canada in March was up 8.8 per cent compared with a year ago, but down from February.

The federal government has vowed to tackle the increasing financial pressure renters are facing. Late last month, Prime Minister Justin Trudeau announced a bill of rights for renters, among other supports. The increase in the national average came as the average asking rents for purpose-built and condominium apartments in B.C. fell 1.9 per cent year-over-year to $2,494.

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