Average rent in Canada for all properties rose more than 10 per cent year-over-year in July, according to a recent nationwide analysis of listings on Rentals.ca.
Average rent in Canada for all properties rose more than 10 per cent year-over-year in July, according to a recent nationwide analysis of online listings., released by Rentals.ca and Bullpen Research and Consulting, found average rent for all property types — including single-family homes, townhouses, rental apartments, condominium apartments and basement apartments — posted to the website was $1,934 in July.
"Rents were boosted by rent growth of 20 per cent and higher in several major municipalities in Canada, and double-digit growth in a number of the most affordable rental markets, such as Red Deer and Saskatoon," Myers said. Compared to June, the average rent for a one-bedroom home in Vancouver rose 3.6 per cent and 4.8 per cent for a two-bedroom home.
Montreal ranked 24th on the list, with average rent in July up 8.9 per cent to $1,543 for a one-bedroom home compared to the previous year and up 5.7 per cent to $1,958 for a two-bedroom home.
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