Advertisement Renting By The Canadian Press on March 12, 2024 Estimated reading time: 2 minutes By The Canadian Press on March 12, 2024 Estimated reading time: 2 minutes Average asking rent prices reach $2,193 in February, up 10.5% from 2023. Advertisement Photo by cottonbro studio from Pexels A new report says the average asking price for a rental unit in Canada was $2,193 per month in February, marking a 10.5% jump year-over-year and the fastest annual growth since September 2023. Advertisement Advertisement The data released Monday by Rentals.ca and Urbanation, which analyzes monthly listings from the former’s network, shows the average monthly cost of a one-bedroom unit in February was $1,920, up 12.9% from the same month in 2023.The average asking price for a two-bedroom was $2,293, up 11.3% annually. Compare tenant insurance quotes from top providers in Canada In under five minutes, get a personalized tenant insurance quote from one of Canada’s top providers—free of charge. Just...
