Canadian renters are feeling the pain of rising interest rates. That's according to a new report from Rentals.ca, who say average rents across the country ro
, who say average rents across the country rose by 9.2 per cent since March.In Oshawa, the average rent for a one bedroom unit now costs an average of $1,709 per month. That’s up 16.7 per cent year-over-year.
Two bedroom units in the city are renting for an average of $1,978 per month, up 12.6 per cent year-over-year.Vancouver topped the list, while Toronto took the second-place spot. In Toronto, average rent for a one bedroom unit went up by an eye-popping 23.7 per cent year-over-year. B.C. remains the most expensive province for renters, but the report says Ontario is “beginning to close the gap.”However, those units saw a more modest increase of about seven per cent since last year. The report says a studio apartment will run you about $1,391 per month.If you have found a spelling error, please, notify us by selecting that text and pressing
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