The average price for rental accommodation in Canada has surpassed two-thousand dollars a month for the first time.
A report published by the website Rentals.ca finds the cost of rentals as of September was more than 15 percent higher than a year earlier.
The highest increases were found in B.C., Ontario, and Nova Scotia.
The company added changing preferences in a post-COVID world, increased demand, plus rising mortgage rates, drove the increase in rental prices.
– with files from Vista Radio newswire