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.
