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23 01, 2024

Canadian rent prices end 2023 at a record high, up 22% in two years

By |2024-01-23T11:22:53-05:00January 23rd, 2024|Qualifying for a Mortgage, Real Estate, rent-to-own, Renting|0 Comments

Rent prices resumed their upward trajectory in December, ending the year 8.6% higher from a year ago. The average rent price for all unit types rose to $2,178, according to data from Rentals.ca‘s latest monthly data. Looking back over the past two years, rent prices have risen 22%, or an average of $390 a month. “The [...]

12 06, 2019

Renters are Paying More for Housing than Homebuyers

By |2019-06-12T20:52:09-04:00June 12th, 2019|Qualifying for a Mortgage, rent-to-own, Renting|0 Comments

The rising cost of housing in Canada is highlighted in a new report that shows that renters are often paying a significant amount more than homeowners. According to research from RateSupermarket.ca, 44% of renters said they are paying more than a third of their income for housing while this is true for just 20% of [...]

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