Rent increases for one\u002D and two\u002Dbedroom units across Canada averaged about five per cent
This advertisement has not loaded yet, but your article continues below.just east of Toronto, did not have enough data to determine a rate change for one bedrooms but logged 4.54 per cent growth in rent for two-bedroom units; the categories reached near-identical rents of $1,822 and $1,846 respectively., west of Toronto, posted 6.61 per cent and 0.91 per cent gains, to $1,776 for one-beds and $2,193 for two-bedroom units., Ont.
Other major cities also saw rate changes, up and down, according to their local economics and demographics.rents rose 9.87 per cent and 2.99 per cent. A one-bedroom in the nation’s capital commands $1,692 while a two-bedroom fetches $2,033 per month.rents rose 3.17 per cent for a one-bedroom . The city posted insufficient data to determine a year-over-year rate change for two-bedroom units but they saw a 5.33 per cent and a 7.79 per cent month-over-month gain in February over January.
“As employees return to the office and the population moves beyond the pandemic,” the report says, “the demand for rentals to gradually increase. This, combined with supply chain issues, record inflation, increasing interest rates, and a general uncertainty surrounding things such as the price of gas, could continue to push rents higher in the near term.”
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