By Staff
January 16, 2024
BURLINGTON, ON
The National Rent Report charts and analyzes monthly, quarterly and annual rates and trends in the rental market on a national, provincial, and municipal level.
Average asking rents for all residential property types in Canada increased by 9% in 2023.- The average asking rent reached a record high of $2,178 in December 2023, showing an 8.6% increase from the previous year.
- Traditional purpose-built rental apartments experienced the fastest growth, with a 12.8% increase in 2023.
- Alberta had the fastest-growing rents for purpose-built and condominium apartments, recording a 15.6% annual increase.
Mississauga finished 4th out of 35 cities in the month of December. The average 1 bedroom rent was $2371, which was a 2.1% increase month-over-month, and 10.5% increase year-over-year, while the average 2 bedroom rent was $2749, which was a -2.9% decrease month-over-month, and a 7.5% increase year-over-year.
Burlington finished 6th out of 35 cities in the month of December. The average 1 bedroom rent was $2211, which was a 0.4% increase month-over-month, and 3.6% increase year-over-year, while the average 2 bedroom rent was $2523, which was a -0.4% decrease month-over-month, and a -0.9% decrease year-over-year.
Click HERE to see all the data. Click on the graphic when it appears
Trudeau has a plan when citizens have had enough; MAID is now a main cause of death in Canada. Soon to be expanded.
The Senate passed it however could not pass the peoples intention in regards to carbon taxes on the agricultural products. Often cheaper to transport in from SA adding to affordability issues.
I asked a local Fortino’s owner where food prices were going in 2024. Meats and produce will continue marching higher he was told. Dry foods not so bad.
I live downtown and some of my neighbours live in rentals in older converted homes, they are predominately older women who through life’s crap shoot have ended up in cheaper accommodation. What happens to them?