A new report suggests rental prices in Alberta are continuing to climb higher despite prices in other areas of Canada beginning to stabilize.
A for rent sign is displayed on a house in Ottawa on Friday, Oct. 14, 2022. THE CANADIAN PRESS/Sean Kilpatricksuggests rental prices in Alberta are continuing to climb higher despite prices in other areas of Canada beginning to stabilize., average asking rents for all residential property types in Canada hit an all-time high of $2,202 in May, surpassing the $2,200 level for the first time.
In both Alberta and Saskatchewan, three-bedroom apartment rents grew fastest over the past year, rising 21.3 per cent in Alberta to an average of $2,138. Fort McMurray ranked 34th, with the average rental for a one-bedroom sitting at $1,242, up 16.3 per cent year over year, and a two-bedroom rental for $1,473, up 12.7 per cent year over year.
Urbanation and Rentals.ca says the data covers both primary and secondary rental markets, and includes basement apartments, rental apartments, condominium apartments, townhouses, semi-detached houses and single-detached houses.Fact check: Trump falsely claims Democratic states are passing laws allowing people to execute babies after birth
The City of Edmonton says the number of river rescues are increasing, and residents are being warned to take proper precautions when enjoying the water this summer.As we await the beginning of the Stanley Cup Final between the Edmonton Oilers and the Florida Panthers, here is a look at five key moments of the Oilers season so far.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inflation in Alberta is falling but rent increases highest in country, new CPI report saysHomes under construction in the Parkdale neighbourhood of Calgary pictured on May 4, 2024.
Read more »
Inflation slows in Alberta, but rent increases at higher rate than national averageDespite inflation slowing in Alberta, the province's rent prices have increased by nearly twice the national average.
Read more »
Alberta rural municipalities speak out against latest provincial bill on wildfire authorityAlberta Wildfire recruits are seen during a training exercise in Hinton, Alberta.
Read more »
Toronto is catching up with Vancouver as Canada's most expensive place to rentThe cost of living isn't showing any indication of easing up for owners or renters in Toronto, it seems, as high interest rates and prices continue...
Read more »
April asking rent prices up 9.3% across Canada: reportThe average asking rent for a home in Canada in April was up 9.3 per cent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January, a new report says.
Read more »
Asking rent prices up 9.3% across Canada in April; Ontario sees only declineThe report by Urbanation and Rentals.ca says the average asking rent for all home types was $2,188 last month
Read more »