Rents Rise 2.1% in September, Marking Fifth Straight Monthly Slowdown: Report

Rents Rise 2.1% in September, Marking Fifth Straight Monthly Slowdown: 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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A new report says growth in average asking rents across Canada last month slowed to the lowest rate since October 2021, at 2.1 percent year-over-year.

The report from Rentals.ca and Urbanation found average asking rents sat at $2,193 for September, marking the fifth straight month that the annual rate has slowed from May’s nine percent growth.