Average asking price for Canadian rental unit hits record high in June: Rentals.ca - BNN Bloomberg

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Average asking price for Canadian rental unit hits record high in June: Rentals.caTORONTO — A new report says the average asking price for a rental unit in Canada reached a record $2,042 last month amid continued interest rate hikes, population expansion and low unemployment. Rentals.ca's latest data release shows year-over-year rent inflation for June was 7.5 per cent, below the double-digit growth seen for most of 2022 and early 2023. Rents also rose 1.4 from May, marking the fastest month-over-month increase for units listed on the website so far this year. The average cos
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