The average rent in Canada took a breather in June, dropping slightly compared to May, according to data from Rentals.ca....
Record-low interest rates drove mortgage debt 9% higher on an annual basis in 2021, its fastest pace since 2008.
The first quarter marked the fifth consecutive deterioration in housing affordability, and the worst drop yet, according to National Bank of Canada.
With rising rental demand outpacing available inventory, rent prices rose an average of 9% across the country in April compared to last year.
Rising interest rates is a concern for most mortgage holders, though many feel "well-positioned" to deal with it.