renting Archives - Mortgage Rates & Mortgage Broker News in Canada

On Quebec’s traditional moving day, hundreds of renters are still looking for a home

July 1, 2024 No Comments

It’s moving day in Quebec, and Mario Lortie is leaving his apartment of 27 years.

Renting vs. buying in today’s market: how monthly payments compare

July 27, 2023 No Comments

A new study has found the cost of renting vs. buying comparable housing in select Canadian markets is nearly on par.

Rents decline for third straight month, but remain 10% higher than last year

March 14, 2023 No Comments

Average rents in Canada may have declines for the third consecutive month, but they still remain 9.7% higher compared to a year ago.

Hurdles to homeownership driving up rental demand: CMHC

January 27, 2023 No Comments

Rising interest rates are partially to blame for a slowdown in Canadians transitioning from renting to homeownership, Canada’s housing agency reported.

The average rent in Canada has surpassed $2,000

December 19, 2022 No Comments

The cost of rent in Canada has been on an uptrend since the pandemic, and in November the average monthly rent reached $2,024.

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.

Rent prices on the rise again

August 17, 2022 No Comments

After taking a breather in June, rent prices continued to trend upward in July, rising 2.6% in the past month.

Canadian rent prices were flat in June, but could rise further as demand grows

July 14, 2022 No Comments

The average rent in Canada took a breather in June, dropping slightly compared to May, according to data from Rentals.ca. The flat reading follows a

Rent prices up another 10% in May

June 15, 2022 No Comments

As home prices retreat, rent prices continue their upward climb.

Rent prices rose 9% in April, and could keep rising with a housing slowdown

May 23, 2022 No Comments

With rising rental demand outpacing available inventory, rent prices rose an average of 9% across the country in April compared to last year.

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