Rent prices rose in 2023: CMHC
Rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record.
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Rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record.
In 40 Quebec regions with more than 10,000 residents, the vacancy rate has fallen below two per cent.
The average rent for a two-bedroom purpose-built apartment grew 8% to $1,359 in 2023, while the average rent for a two-bedroom rental condo was $2,049
Rent prices in Canada soared last year as supply struggled to keep up with demand, leading to the lowest national vacancy rate on record since the Canada Mortgage and Housing Corp. began tracking that data in 1988.
Canada's top bankers are blaming Justin Trudeau's mass migration strategy for wrecking the nation's economy and for helping populists.