The average asking price for a rental unit in Canada reached a record $2,042 last month amid continued interest rate hikes and population expansion, according to a new report by Rentals.ca and Urbanation.
The data, which analyzed monthly listings from the Rentals.ca network, showed year-over-year rent inflation for June was 7.5 percent, below the double-digit growth seen for most of 2022 and early 2023.
