In Canada, the rental market has experienced significant changes, with asking rents climbing across various regions. A rental unit in Scarborough, Ontario, was reported to be going for $1,100, with sarcastic thanks directed at @JustinTrudeau. According to Redfin, asking rents increased by 2% in February, marking the biggest gain in over a year, with the Northeast and Midwest seeing the largest increases of roughly 5% from the previous year. Meanwhile, rents in the West and South remained relatively flat. Data from CTV News and the Globe and Mail indicate that the average asking rent in Canada reached $2,193 in February, up 10.5% from 2023. This surge in rental prices, as reported by Rentals.ca and Urbanation, has been attributed to various factors, including a 20% increase in Alberta rents and an overall 14.4% increase in the average apartment rental cost in Canada compared to the previous year. Cities like Gatineau, Quebec City, Regina, Edmonton, and Langley have been particularly affected. The situation has led to more renters opting for studios or living with roommates as a more affordable housing solution, with no relief in sight.
Average asking rental prices reached $2,193 last month https://t.co/yb6PMXChxS
Canada’s average asking rent jumped to almost $2,200 in February https://t.co/mLUClL31Rc https://t.co/PK31Tv4yIa
New data on Trudeau's housing hell. Canada's asking rents have jumped 10% in the last 12 months. More renters are choosing studios or roommates because they can't afford housing. Sign to support our common sense Conservative plan to build homes, not bureaucracy:…
🚨BREAKING NEWS Canadian rents SURGE in latest rental data from Rentals. ca and Urbanation No relief in sight! -Alberta rents up 20% -The average apartment rental in Canada is 14.4% more expensive than 1 year ago. -Gatineau, Quebec City, Regina, Edmonton, Langley,… https://t.co/30FOIs4HuC
🚨BREAKING NEWS Canadian rents SURGE in Canada in latest rental data from Rentals. ca and Urbanation No relief in sight! -Alberta rents up 20% -The average apartment rental in Canada is 14.4% more expensive than 1 year ago. -Gatineau, Quebec City, Regina, Edmonton, Langley,… https://t.co/GcILnNT7vt
🚨BREAKING NEWS Canadian rents SURGE in Canada in latest retnal data from Rentals. ca and Urbanation No relief in sight! -Alberta rents up 20% -The average apartment rental in Canada is 14.4% more expensive than 1 year ago. -Gatineau, Quebec City, Regina, Edmonton, Langley,… https://t.co/rOjGO2dpAz
Average asking price for rental unit in Canada hit $2,193 in February, up 10.5% from 2023 https://t.co/CXolbZW8w9
Average asking rent prices reach $2,193 in February, up 10.5% from 2023 https://t.co/nWODUNHIIu
❖ Redfin Reports Asking Rents Climb 2% in February, Biggest Gain in Over a Year The Northeast and Midwest were the biggest gainers, with asking rents rising roughly 5% from a year earlier. Rents in the West and South were roughly flat.
Rental unit in Scarborough ON, Canada going for $1100 Thanks @JustinTrudeau ! https://t.co/XcYHXumrFY