Rent’s going up. CHMC’s annual rental market survey shows nationwide vacancy at only 2.6%, with rents rising three times faster than inflation. Here’s some more stats*:
* Study looks at two-bedroom (new and existing) units
Over 10 million Canadians rent their homes, so demand will continue to boost prices. Given that, and today’s low interest rates, many renters may be smart to consider buying instead.
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