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.
Rents are still rising in Canada but the year-over-year pace of growth has slowed, according to a new report.
But recent increases have been felt more in smaller markets, while major cities have seen some annual price retreat as a wave of condo completions come on the rental market. Overall, all provinces except Ontario and B.C. saw year-over-year rent increases, with Saskatchewan leading the way at 22.2 per cent.
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