The average price of rent in Canada is $2,100
A new report shows a big jump in rental prices.
A report by Rentals.ca and Urbanation says the average asking price for a rental unit in Canada was over $2100 last month.
This is about 11 percent higher than a year ago.
The report shows the average price for a one bedroom unit in St. Catharines and Niagara Falls is around $1,700, and over $2,000 for a two bedroom unit.
It also finds Canada reached a nine-month high for the annual rate of rent inflation.
Vancouver was the most expensive market in the country, with prices around $3,000 for a one bedroom and $3900 for a two bedroom.
NRP Want Help After Horses Hurt
Niagara Families Connected to Doctor
Teenager Hurt in St. Catharines Stabbing
One Driver Arrested of Two Hit and Runs
Unifor and GM reach tentative contract agreement
Marineland ships another three belugas to San Diego
PM Carney says Canada will Meet U.S tariffs “Dollar for Dollar”
Province Investing in Niagara Businesses