The average Toronto rent price just climbed by a worrying 23 per cent Toronto TorontoRealEstate RealEstate
Canada's two most expensive cities to rent registered well above the national averages in both prices and their rate of acceleration.
The National Rent Report attributes rising rents to a combination of factors, from post-lockdown recovery to record population growth. Other stressors include homebuyers taking a step back from the market amid interest rate hikes and moving into rentals, and the low vacancy rates associated with all of these conditions.
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