The average housing rental price in Canada jumped 4.3 per cent in one year, according to a new report
collected data from the rental listings posted to their site, which includes 30 cities and more than 12,000 rental listings of all property types. The national average rent is $1,854 per month and of Canada’s largest cities, Toronto, Vancouver and Montreal saw the highest increases. Out of the three, Montreal renters had the highest increase at a 25 per cent rate hike across all property types .released in 2019, Airbnb likely removed 31,100 units from the long-term rental market.
David Wachsmuth, professor of urban planning at McGill University, said although regulations are being introduced the short-term rental market has not slowed down. “They don’t want to do anything that’s going to cut off the demand for visitors to come support their economy. Some of these smaller places, understandably, are trying to balance this issue in a way that hasn’t been as much of a problem for bigger cities,” he said.
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.
Report tells Health Canada to rethink funding in opioids fightHow governments fund the country's fight against the opioid crisis might explain 'a lack of progress' on the issue, say newly disclosed documents on an alternative Health Canada is considering.
Read more »
Health Canada should rethink funding in fight against opioid crisis, report suggestsThe paper obtained by The Canadian Press suggests federal officials should focus funding where service providers can prove they are helping people with opioid-use disorder
Read more »
Former Canada soccer captain Paul Stalteri joins CPL’s York 9 FC as assistant coachThe 42-year-old Stalteri joins the CPL team from the Canada Soccer Association, where he was a youth coach
Read more »
Canada preparing second plane to evacuate citizens in China over coronavirus fearsCanada preparing second plane to evacuate citizens in China over coronavirus fears GlobePolitics
Read more »