Canada’s Average Monthly Rental Price Set New Record in August: Report

The average price of a residential rental property in Canada reached a record $2,117 in August led by growth in Alberta
Canada’s Average Monthly Rental Price Set New Record in August: Report
Rental properties are shown in Calgary, Alta., March 12, 2019. (The Canadian Press/Jeff McIntosh
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The average price of a residential rental property in Canada reached a record $2,117 in August led by growth in Alberta, according to a new report.

Alberta’s rapid rental appreciation—it increased by 15.6 percent annually to $1,634 last month—correlates to record population growth in Canada, says the report from Rentals.ca.