Rentals.ca and Urbanation say rents reaccelerated in the spring after a brief moderation during the winter, bringing the average rent to $2,004 in March
Rentals.ca and Urbanation’s latest rent report says average rents across Canada were up one per cent between February and March – the first monthly increase since November.
They say rents reaccelerated in the spring after a brief moderation during the winter, bringing the average rent to $2,004 in March.Asking rents for purpose-built and condominium apartments similarly increased 1.5 per cent from February and 10.9 per cent from the previous March, reaching an average of $1,937.They say this indicates that rental housing demand is strongly outstripping supply.
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