Average rent in Canada up 15.4 per cent in 2022: monthly report

📆 2022-11-25 11:10 PM

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📆 2022-11-25 11:10 PM
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A new report shows that rent for all property types across Canada jumped again, seeing an increase of 15.4 per cent over this time last year.

, an apartment listings website, the average monthly rent of all property types in Canada was $2,043 per month in September.

The report found that there was a $171 increase in rental rates for condo apartments, and an increase of five cents per square foot, in Canada, on average. Traditional rental apartments also saw a year-over-year increase of 11.8 per cent, and renters of these units are now paying $2.46 on a per-square-foot basis.

When it comes to average rent by province, British Columbia had highest rent at $2,682 per month in September 2022, an annual increase of 31 per cent. That number represents all property types and is an average based on cities across the province, Rentals.ca says. Information on other parts of Canada is available on Rentals.ca's blog. The site did not have data for all provinces and territories.

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