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Slower Rent Increases in Canada Amidst New Housing Supply
Canada's average two-bedroom apartment rent increased by 5.4 percent in 2024, down from 8 percent in 2023, due to a significant increase in new rental units; however, lower-income renters continue to struggle with arrears, with Toronto at 15.4 percent.
Slower Rent Increases in Canada Amidst New Housing Supply
Canada's average two-bedroom apartment rent increased by 5.4 percent in 2024, down from 8 percent in 2023, due to a significant increase in new rental units; however, lower-income renters continue to struggle with arrears, with Toronto at 15.4 percent.
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