Canada's average asking rent hit a record $2,202 in May, with a 9.3% yearly increase and a 0.6% monthly rise.

Canada's average asking rent reached a record $2,202 in May, marking a 9.3% increase from the previous year and a 0.6% rise from April. One-bedroom units saw a 10.7% increase, while two-bedroom units rose by 12.1%. Saskatchewan led the provinces with a 21.4% gain in average rents. Purpose-built rental apartments experienced a 13.7% increase, four times the rate of growth for condominium apartment rents.

June 06, 2024
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