Canadian Rent Growth Slows to Lowest Rate in Almost Three Years: Report
The latest National Rent Report by Rentals.ca and Urbanation revealed that average asking rents for all residential property types in Canada increased by 3.3 per cent year-over-year in August, reaching an average of $2,187 per month and marking the slowest annual rate of rent growth in almost three years.
On a month-over-month basis, average asking rents decreased by 0.1 per cent, extending the trend of moderation which was seen since May.
The report noted that rents for purpose-built...
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