Rental prices in Canada reached a new high with the average asking price of $2,149 per month, according to a new report compiled by a Canadian rental listings website.

According to Rentals.ca and real estate research firm Urbanation, the Canadian market continued its upward trajectory with data suggesting a monthly increase of 1.5 per cent from August, and an annual surge of 11.1 per cent.

Experiencing double-digit year-over-year growth, the annual rate of rent inflation surged to its highest point in nine months, stated the report.

The report’s metrics are based on new listings, not what existing tenants are paying per month.

In terms of rental types, one-bedroom units recorded the fastest annual growth in asking rents, soaring by 15.5 per cent, reaching an average of $1,905.

  • @FireRetardant
    15•1 year ago

    A significant portion of our representives are landlords and have a conflict of interest in improving the situation.

    • Funderpants
      12•1 year ago

      Yes, by percentage of caucus CPC (46%), LPC (39%), BQ, and NDP(16%) according to disclosures.

        • Funderpants
          7•1 year ago

          Indeed, and landlords in Parliament are not a problem per se. Having them at such a disproportionate rate versus the general population absolutely is.