A new report says the average asking rent for a home in Canada reached $2,185 in June, up seven percent compared with a year ago despite representing the slowest annual rate of growth in 13 months.
The report by Urbanation and Rentals.ca, which analyzes monthly listings from the latter’s network, says average asking rents decreased 0.8 percent from May—the largest month-over-month decline since early 2021 and atypical compared with usual monthly increases this time of year.
