446
submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca

According to a new report from Rentals, In July, the Canadian rental market hit a record high with an average asking rent of $2,078, marking an 8.9 per cent annual increase.

(page 2) 50 comments
sorted by: hot top controversial new old
[-] Uncaged_Jay@lemmy.world 8 points 1 year ago

I will never rent long term ever again, thank God I bought a house.

load more comments (4 replies)
[-] autotldr@lemmings.world 7 points 1 year ago

This is the best summary I could come up with:


This coincides with a 1.8 per cent rise in average asking rents in Canada from June, representing the most substantial month-over-month growth observed in the past eight months.

These include post-secondary students rushing to secure leases before the fall term, a notable increase in the population, and a slowdown in home-buying activities, largely attributed to the Bank of Canada's decision to raise interest rates.

Data shows that in July, the average asking rents for purpose-built and condominium apartments broke the $2,000 threshold for the first time, settling at $2,008.

Analyzing the data regionally, Alberta continued to lead the provinces in annual rent growth for purpose-built and condominium apartments for the third consecutive month in July.

The report shows that Quebec maintained its position as the second-highest province for annual rent growth in the country for the second consecutive month, with an increase of 13.7 per cent.

recorded average asking rents for purpose-built and condominiums at $3,114, achieving the fastest annual growth rate in the country at an impressive 32.1 per cent in July.


The original article contains 1,006 words, the summary contains 173 words. Saved 83%. I'm a bot and I'm open source!

[-] argv_minus_one@beehaw.org 4 points 1 year ago

Same thing happening here in Oregon. Homeless people are everywhere.

load more comments (3 replies)
load more comments
view more: ‹ prev next ›
this post was submitted on 30 Aug 2023
446 points (100.0% liked)

Canada

7204 readers
219 users here now

What's going on Canada?



Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities


🏒 SportsHockey

Football (NFL)

  • List of All Teams: unknown

Football (CFL)

  • List of All Teams: unknown

Baseball

Basketball

Soccer


💻 Universities


💵 Finance / Shopping


🗣️ Politics


🍁 Social and Culture


Rules

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:

https://lemmy.ca


founded 3 years ago
MODERATORS