Rent Hit a New High in July as Students Prepped for School, Buyers Sidelined: Report

Rent Hit a New High in July as Students Prepped for School, Buyers Sidelined: 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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Canadian renters have long lamented the increasing prices they see landlords request of tenants, but in July, those totals hit a level unseen in the country’s history.
Data from Rentals.ca and research firm Urbanation released this week show July’s average asking rent hit $2,078, just shy of nine percent above the same month last year.