Rental Prices Across Canada Continued to Soar in August, With Average Rent Nearing $2,000: Report

Rental Prices Across Canada Continued to Soar in August, With Average Rent Nearing $2,000: Report
The CN Tower can be seen on the Toronto skyline on April 25, 2017. Cole Burston/The Canadian Press
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Rental prices across Canada continued to undergo massive upward pressure in August, with year-over-year rent inflation at more than 24 percent in numerous cities, new data shows.

According to Rentals.ca’s September Rent Report, the average rent for all property types across Canada in August was $1,959 per month, an annual increase of 11.1 percent.