April Asking Rent Prices up 9.3% Across Canada; as Ontario Sees Only Decline: Report

April Asking Rent Prices up 9.3% Across Canada; as Ontario Sees Only Decline: Report
A for rent sign is displayed on a house in Ottawa on Oct. 14, 2022. Sean Kilpatrick/The Canadian Press
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The average asking rent for a home in Canada in April was up 9.3 percent compared with a year ago, while a slight month-over-month increase was also recorded for the first time since January, a new report says.

The report by Urbanation and Rentals.ca, which analyzes monthly listings from the latter’s network, said the average asking rent for all home types was $2,188 last month.