Rental Market

• Canada’s next wealth divide? It’s renters versus homeowners, RBC says

  Housing unaffordability in Canada is exacerbating wealth divides between renters and homeowners in the country, according to an RBC analysis.

  Money

  Mar 14
  
• Canada’s average asking rent jumped to almost $2,200 in February

  The report says asking rents in Canada have increased overall by a total of 21 per cent, or an average of $384 per month, from two years ago.

  Canada

  Mar 11
  
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• Kelowna renters face rising costs: CMHC

  Kelowna's tight rental market has seen incremental improvement in the past year, though there's been no relief for pocketbooks.  

  Canada

  Feb 27
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• Renters more likely to experience financial distress, loneliness: StatCan

  According to a StatCan report released on Monday, renters were at least 15 percentage points more likely than homeowners to report difficulty in meeting their financial needs.

  Canada

  Feb 19
• Canada’s rental vacancy is lowest in decades as supply lags demand

  The report, released Wednesday, found the vacancy rate now sitting at 1.5 per cent, the lowest recorded rate since 1988 when the CMHC began recording a national vacancy rate.

  Canada

  Jan 31
• Envision Saint John proposes culture change for density to help housing crisis

  Envision Saint John says there must be a culture change about density as the province and region looks to increase housing development amid growth.

  Economy

  Oct 5, 2023
• Moncton’s rental affordability has seen steepest decline in Canada: study

  The study compared the average salary with the average price of a one-bedroom apartment between 2018 and 2022.

  Economy

  Sep 30, 2023
• Rental search in hot market causing stress for many: ‘There’s just not enough’

  Giacomo Ladas, communications director for Rentals.ca, says the difficulties in the current rental market across the country aren't likely to ease up soon.

  Canada

  Sep 24, 2023
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• Removing GST on construction may be ‘game changer’ amid soaring rents, says Hamilton advisor

  The removal of GST on rental builds could be a welcome step as two agencies reported average rents across Canada hit record highs in August.

  Canada

  Sep 16, 2023
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• TikTok showing $2K/200-sq. ft. rental meant to show ‘crazy’ Vancouver market, creator says

  “I wanted to kind of show what the rental market has come to in Vancouver in a way that would catch people’s attention,” Kristin Gill told Global News.

  Canada

  Aug 23, 2023