April Asking Rent Prices up 9.3% Across Canada; as Ontario Sees Only Decline: Report

The average asking rent for a home in Canada in April was up 9.3 percent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January, a new report says. The report by Urbanation and Rentals.ca, which analyzes monthly listings from the latter’s network, said the average asking rent for all home types was $2,188 last month. The annual growth rate was up from an 8.8 percent increase recorded the previous month. Asking rents were up 0.3 percent month-over-month. Based on the report, the average asking rent for a one-bedroom unit in Canada was $1,915 in April, up 11.6 percent from a year ago, while the average asking price for a two-bedroom unit was $2,295, up 11 percent from April 2023....