Paralegal Help? Click the chat window at the bottom right.

HomeLandlord NewsRents Surge Across Canada, Windsor Witnesses Sharp Increase

Rents Surge Across Canada, Windsor Witnesses Sharp Increase

Published on

spot_img
spot_img

Rental prices are on the rise in Windsor and throughout Canada, according to the latest findings from Rentals.ca. The report highlights that the average rent price in Canada surpassed $2,100 in October.

In a ranking of 35 cities, Windsor secured the 28th spot, presenting the most affordable rents in the province. Despite this, the average cost for a one-bedroom unit in Windsor slightly exceeded $1,500, marking an almost 11% increase compared to the previous year. For a two-bedroom unit, the average cost in Windsor was just below $2,000, reflecting a 7.1% surge from 2022.

Toronto emerged as the costliest city in Ontario, with rents exceeding $2,600 per month for a one-bedroom unit.

Looking at the national scenario, Vancouver retained its position as the most expensive city for rentals, with a one-bedroom unit commanding a staggering $2,872. The report indicates a widespread trend of increasing rental costs, reflecting the ongoing challenges in the Canadian housing market.

SourceCTV News

Latest articles

Mortgage Rate Update for October 2024🏡: Presented by Our Trusted Business Craig Van Dolder

We have continued to see mortgage rates trend downward over the past few weeks...

How soon can you serve an N4 form for Non-payment of Rent

Hello Landlords, Here is our most popular post on the Facebook group ONTARIO LANDLORD HELP...

THUNDER BAY LANDLORD FINED FOR FAILING TO INSTALL SMOKE AND CARBON MONOXIDE ALARMS

THUNDER BAY, ON – A landlord in Thunder Bay has been fined for not...

HOMELESS LANDLORD FINALLY RECLAIMS HER HOME AS COURT SHERIFF EVICTS DIFFICULT TENANTS

Background of the OrdealAyesha Asghar's tumultuous journey came to a conclusion on Thursday as...