Canadian rent prices Archives - Mortgage Rates & Mortgage Broker News in Canada

Rent increases in smaller markets outweigh declines in big cities in August: report

September 11, 2024 No Comments

A new report says August rental rates fell in some of Canada’s largest and priciest markets to continue a months-long trend, while prices rose in smaller markets.

Minister of Services Nova Scotia Colton LeBlanc

Nova Scotia proposes two-year extension to five-per-cent rent cap until end of 2027

September 7, 2024 No Comments

The Nova Scotia government wants to extend its five per cent cap on rent increases another two years, but the province won’t create an enforcement unit to bolster its tenancy rules and regulations.

B.C. caps rent increases next year at 3 per cent, matching inflation

August 26, 2024 No Comments

The maximum allowable rent increase in British Columbia next year will be 3%, down from the current 3.5%.

Average Canadian rent hits an all-time high of $2,202

June 6, 2024 No Comments

Average rents across Canada are now up 32% from their pandemic lows.

Asking rent prices in March up 8.8% from year ago, but down from February: Urbanation

April 16, 2024 No Comments

A new report says the asking rent for a home in Canada in March was up 8.8% compared with a year ago, but down from February.

Despite slowdown in Toronto and Vancouver, asking rents still up 8% from last year

December 12, 2023 No Comments

Rent prices moderated slightly in November, but remain 8% higher compared to a year ago and over 20% from two years ago.

Canadian rent prices hit a record high in June

July 16, 2023 1 Comment

Average rent prices hit a record high in June, driven higher by strong population growth and continued demand outpacing new supply.

Canadian rent price growth eases, but upward pressure expected to persist

June 14, 2023 No Comments

Average rent prices have posted their slowest pace of annual growth in a year and a half, but are expected to continue rising, particularly with interest rates once again moving higher.

Rent prices hig three-year high in August 2022

Canadian rent prices reach a three-year high, up 17% from pandemic lows

September 19, 2022 No Comments

Having been on an upward trend since early last year, average rent prices have now eclipsed pre-pandemic levels.

Canadian rent prices