The usual sources of demand for apartments have all dried up.
to make it happen, but after years of rapid price growth, Canadians may finally get a bit of a break on the cost of housing.
The average asking price for apartments nationwide fell 3.2 per cent in a month, to $1,842 per month for all housing types in April, according to data from rental portal Rentals.ca. See below for complete chart. “With most of the country on lockdown, the majority of tenants are staying put for both financial and health reasons,” Rentals.ca said in“Many large landlords are staying firm on their asking rents, willing to wait out the pandemic, offering incentives like $500 off or a free month of rent. Smaller landlords appear to be more willing to lower their asking rent to attract the prospective tenants that are looking for apartments.
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