The average asking rent for all property types in Canada rose 9.7 per cent year over year in February, to $1,984, according to the Rentals.ca and Urbanation latest National Rent Report.
This is the first time since June that average rents have not increased by double digits.The annual rate of rent inflation has been moderating since reaching a high of 12.4 per cent in November. Rents decreased 0.6 per cent from January and have declined 2 per cent over the past three months.
(The...