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A Calgary landlord whose home was used in an alleged rental fraud has told Global News he too has been caught up in the nightmare.
Renters in Canada may have felt more of a financial squeeze last month as 2023 wrapped up with average rents hitting a new high. According to the latest National Rent Report from Rentals.ca and Urbanation, December saw the average asking rent for all property types reach a record $2,178. That marks an 8.6% increase from the previous year, continuing an upward trend that has seen rents rise by 22% over the past two years, and translating to an additional $390 per month on average for Canadian tenants.
Housing Minister Ravi Kahlon says the decision balances the interest of tenants and landlords.
A ‘perfect storm’ of rising costs makes it hard to keep rents low, say non-profits.
Calgary's rental market continues to be red hot driving some frustrated renters to look for a place in other parts of the province.