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 HomesAs the cost associated with owning a home rise (including interest rates), Canadians are turning to renting.
Canadian Rents Hit Three-Year HighsThe average rent (for all property types) has hit a three-year high average of $1,959.00/month.