By Staff
April 13th, 2024
BURLINGTON, ON
Burlington finished 9th out of 35 cities in the rental increases list for the month of March.
The average 1 bedroom rent was $2145, which was a -2.2% decrease month-over-month, and -1.6% decrease year-over-year, while the average 2 bedroom rent was $2589, which was a -0.1% decrease month-over-month, and a 1% increase year-over-year.
Is this good news?
I would question the data source against the knowledge that we have a housing shortage and a deeper dive would be helpful.