Having been on an upward trend since early last year, average rent prices have now eclipsed pre-pandemic levels.
Although rent prices across Canada rose in January, they're still below the all-time highs reached in 2019.
Despite higher home prices and larger mortgages, monthly housing costs are currently lower for homeowners—on average—compared to renters.
Despite stratospheric prices in the country’s largest housing markets, a majority of Canadians still see the value in owning a...