CANADA NEEDS MORE PURPOSE BUILT APARTMENTS
Apartment Rents Rise By Double Digits In 17 Of 24 Canadian Cities: Padmapper
January 15th 201
As seen in the Huffington Post
The latest survey from apartment rental site Padmapper shows rents jumped by double digits over the past year in 17 of 24 Canadian cities, with some of the country’s (previously) most affordable markets seeing the largest hikes.
Toronto retained its position as the country’s most expensive rental market for one-bedroom units in December, with asking rents rising 11.9 per cent in a year, to a median of $2,260. Two-bedroom rents rose 13.1 per cent, to $2,850 per month.
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