Blog | Lockwood Paralegal Firm

Inflation Eases Despite Increases in Rent and Mortgage Interest

Canada reports that inflation eased to 6.3% last month despite rents and mortgage interests rising for consumers.

Toronto Rents Accelerating Quickly - Up 26% From Last Year

Year-over-year rents rose 11.9% nationally, however Toronto saw a huge spike to 26%.

Younger Renters Struggling

Renters (between 15-24 years old) are the group most affected by the rising cost of rental prices.

Average Canadian Rental Price Nears $2K/Month

With the housing market in turmoil, and interest rates skyrocketing, the rental market is nearing a $2000.00/month average in Canada.

The Rising Cost of Renting

In 2021 the costs for rents have risen much faster for renters (65.2%) than owners (25.5%).

Canadians Increasingly Renting Rather Than Owning Homes

As the cost associated with owning a home rise (including interest rates), Canadians are turning to renting.

Canadian Rents Hit Three-Year Highs

The average rent (for all property types) has hit a three-year high average of $1,959.00/month.

Stacked Containers Becoming Popular with Tenants

The City of Barrie has a new six-unit affordable housing project made up of shipping containers.

For Some Tenants, the Name of the Game is Survival

Tenants across the country are feeling the sting of inflation and rising rent prices. Survival is the name of the game.

Housing Prices Fall, Rents Rise

TRREB has released data showing that one-bedroom rental in Toronto has increased 20% year-over-year in the second quarter of 2022. Two-bedro