July 6, 2022

The Queens County Citizen

Complete Canadian News World

Resident rents in Canada rose 9%

Resident rents in Canada rose 9%

According to a study released on Tuesday, average rents in Canada rose 9% in April from a year earlier.

Also read: Housing Crisis: Companies do not consider government plan satisfactory

Also read: Question on disclosing the amount of offers to buy

Latest National Report on Residential Rents from Bullpen Research & Consulting The monthly rent for assets listed on Rentals.ca was $ 1,821 in April, down from $ 1,676 in April 2021.

According to the same study that analyzed the results of 35 Canadian cities, last month’s numbers were close to pre-pandemic levels, while prices were at a four-year low in 2021.

Montreal reaches 21And The average monthly rent for a one-bedroom home increased slightly by $ 1,489, 0.9%, while the rent for a two-bedroom home fell by 2.5% to settle at $ 1952.

Laval saw slight declines to $ 1,243 and $ 1,635 for one-bedroom and two-bedroom apartments, respectively, down 6.5% and 8.4%, respectively.

Montreal’s average rent for condos and apartments rose 2% year-on-year in April to $ 1,701, as a return to work increased interest in homes closer to downtown.

“Average rental rates for single-family homes, townhouses and homes have grown strongly on a monthly basis,” said President Ben Myers. Bullpen Research & Consulting.

“With Vancouver and Toronto on the road, big city rents are on the rise.

READ  Costco Cancels Palmetto Cheese After Food Maker Owner Criticizes Black Lives Matter on Facebook, Awakening Brigade Provokes Deportation - RT USA News