Annual rents just hit a 15-month low — but they're still way higher than they were 3 years ago
Despite decline, average rents in Canada are 18.8% higher than 3 years ago
The average asking price for rents hit a 15-month low in November, falling nationally on a year-over-year basis to $2,139, according to a new report.
The monthly data from Rentals.ca and Urbanation finds average asking rents across Canada were down 1.6 per cent from the same month last year, as rents dropped for the second month in a row after more than three years of increases.
The report says that despite those declines, average rents in Canada are still 6.7 per cent higher than two years ago and 18.8 per cent higher than three years ago.
Urbanation president Shaun Hildebrand says rent declines so far are mainly focused within the secondary market for condos and houses, mostly in B.C. and Ontario, while purpose-built rents are stable.
Ontario recorded a 6.4 per cent year-over-year decrease in apartment rents to an average ask of $2,351, while B.C. saw a 2.3 per cent decrease to an average of $2,524. In Quebec, there was a 0.4 per cent decrease to an average of $1,969.
Apartment rents were up in the rest of the provinces, led by Saskatchewan with a 12.1 per cent gain to an average of $1,361. In Alberta, rent grew 3.7 per cent year-over-year to $1,758.
556 Comments
David Amos
The average asking price for rents is much higher than what I have for income and I suspect that I am not alone
David Amos
Reply to David Amos
Need I say I treasure my little camp in the sticks?
Ted DiBlase
Reply to David Amos
So were do you live?
David Amos
Reply to Ted DiBlase
Kars NB E5T 2X2 no street view on Google maps but the view from space proves I live in Hillbilly Paradise
Ted DiBlase
Reply to David Amos
Yee Haw then David, good luck.
Margie Anderson
Reply to David Amos
Good for you! Enjoy the view!
David Amos
Reply to Ted DiBlase
I don't need any luck I am as happy a a clam BTW For fun I ran against Higgy last month in his riding (he lives 2 ferry rides from here) I am proud to declare that the 42 votes I garnered helped to make him lose his seat
David Amos
Reply to Margie Anderson
Thanks and my dog Bo and I wish you all Merry Christmass
Margie Anderson
Reply to David Amos
Merry Christmas to you David and to Bo! Don't bother putting a bow on his Christmas bone ... he will only appreciate the gift!
Margie Anderson
Reply to David Amos
Understood completely!
Margie Anderson
Reply to David Amos
Yay David!
David Amos
Reply to Margie Anderson
If wish wish a good chuckle type my whole name into a search engine my middle name is Raymond
Margie Anderson
Reply to David Amos
Ok, now I'm going to be up past my bedtime reading!
David Amos
Reply to Margie Anderson
This 19 year old newscast won't take long to watch
https://www.youtube.com/watch?v=-ERN3OrEBWU&t=16s
David Amos
Reply to Margie Anderson
I suspect you may enjoy this debate before the Nanny State picked up steam
https://www.youtube.com/watch?v=-cFOKT6TlSE
Margie Anderson
Reply to David Amos
The best line in the entire video is this
"Ask them what I'm talking about"
Margie Anderson
Reply to David Amos
Ok! The best line in this one is .... drum roll
I'd be a Progressive Conservative but they're long dead
David Amos
Reply to Margie Anderson
Here are some 20 year old letters that still important today
http://checktheevidencecom.ipage.com/checktheevidence.com/pdf/2526023-DAMOSIntegrity-yea-right.-txt.pdf
David Amos
Reply to Margie Anderson
You can't say that I don't have fun telling the awful truth
My Clan's Motto is Veritas Vincit
Ted DiBlase
Reply to David Amos
Good for you David
David Amos
Reply to Ted DiBlase
Thanks
Richard Fleming
Canada spends too much money on wars. There is no money left to properly house, feed, and take care of the health of Canadians. There is now inflation. There is now Trump's threat of 25% tariff and at least 2% GDP on defense pressure from NATO. Worst of all, there is no solution for the rough seas ahead.
Shawn Darrington
Reply to Richard Fleming
Spending too much on what war? We are spending no where near enough on the the CAF. Only 1.3% of our GDP. When war comes it is too late too late to start spending on this. You can't conjure up training, complex military systems and trained warriors overnight. This government is spending 99% on social programs and then borrowing more for "free" dental and "free" pharmacy drugs. We are riding on the coattails of the U.S. taxpayer for a free ride on defense while many Canadians arrogantly and pompously think that we are better than the U.S, Canada had better start living in the real world because the free ride on defense is coming to an end.
Richard Fleming
Reply to Shawn Darrington
Talks are already well underway to forgive the billions of war loans to the motherland of the Lady in Red. Where have you been, Shawn.
David Amos
Reply to Richard Fleming
The Lady in Red will reside in infamy in the history of Canada
Ralph Linwood
Reply to Richard Fleming
Much cheaper to help the Ukraine than to have actually boots on the ground there. If putin is not stopped there then what?
David Amos
Reply to Ralph Linwood
Spin much?
Ralph Linwood
Reply to David Amos
Reality.
David Amos
Reply to Ralph Linwood
Reality should be my middle name. Trust that is people like you who caused me to run for public office 8 eight times with no false illusions about ever being elected However somebody had to speak up in a public forum and offer the evidence to support what I was talking about.
William de Starius
Reply to Richard Fleming
Right, Vla d...
Reply to Richard Fleming
Right, Vla d...
Margie Anderson
We paid rent for the first two years we were married but then bought our home. It was old, run down and sad but we have fixed and repaired over the years and we love it! It is now 121 years old and is our pride and joy.
Nobody needs to start at the top of the ladder but you can get there if you work at it.
Margie Anderson
Reply to Margie Anderson
The best line in the entire video is this
"Ask them what I'm talking about"
David Amos
Reply to Margie Anderson
Thanks for watching
Richard Fleming
Reply to Margie Anderson
You are lucky you were born so much earlier.
Ralph Linwood
Reply to Margie Anderson
That is one of the main issues with affordability - people's expectations of starting near the top, rather than working their way there.
Ralph Linwood
Reply to Richard Fleming
Young people have too much overhead. IF they want to get ahead faster they may have to be more realistic or work much harder.
David Amos
Reply to Richard Fleming
IMHO We Baby Boomers had the best kick at the can in Canadian History
David Amos
Reply to Ralph Linwood
I strongly disagree
Ralph Linwood
Reply to David Amos
As is your right. When I graduated from university, we had one phone between the four of us in the house, furniture we had found, were gifted to us and all my clothes and personal belongings fit in one duffel bag. We never ate out, essentially had either oatmeal for breakfast and pasta /stir fry with rice for supper and didn't even drink coffee. I rode a bike to school (the one expensive thing I actually owned) to save money on bus fare, in Winnipeg, all winter. Darn few 20 year olds would live like that today. Hard to feel sorry for a kid wearing $500 worth of clothes, $1000 phone and hundreds of dollars a month in online subscriptions....
David Amos
Content Deactivated
Reply to Ralph Linwood
Cry me a river
David Amos
Reply to Ralph Linwood
Do you feel better now that your tale of hard times is recorded in a public forum?
We paid rent for the first two years we were married but then bought our home. It was old, run down and sad but we have fixed and repaired over the years and we love it! It is now 121 years old and is our pride and joy.
Nobody needs to start at the top of the ladder but you can get there if you work at it.
Margie Anderson
Reply to Margie Anderson
The best line in the entire video is this
"Ask them what I'm talking about"
David Amos
Reply to Margie Anderson
Thanks for watching
Richard Fleming
Reply to Margie Anderson
You are lucky you were born so much earlier.
Ralph Linwood
Reply to Margie Anderson
That is one of the main issues with affordability - people's expectations of starting near the top, rather than working their way there.
Ralph Linwood
Reply to Richard Fleming
Young people have too much overhead. IF they want to get ahead faster they may have to be more realistic or work much harder.
David Amos
Reply to Richard Fleming
IMHO We Baby Boomers had the best kick at the can in Canadian History
David Amos
Reply to Ralph Linwood
I strongly disagree
Ralph Linwood
Reply to David Amos
As is your right. When I graduated from university, we had one phone between the four of us in the house, furniture we had found, were gifted to us and all my clothes and personal belongings fit in one duffel bag. We never ate out, essentially had either oatmeal for breakfast and pasta /stir fry with rice for supper and didn't even drink coffee. I rode a bike to school (the one expensive thing I actually owned) to save money on bus fare, in Winnipeg, all winter. Darn few 20 year olds would live like that today. Hard to feel sorry for a kid wearing $500 worth of clothes, $1000 phone and hundreds of dollars a month in online subscriptions....
David Amos
Content Deactivated
Reply to Ralph Linwood
Cry me a river
David Amos
Reply to Ralph Linwood
Do you feel better now that your tale of hard times is recorded in a public forum?
Ralph Linwood
Reply to David Amos
No, just providing some perspective for the "struggling" new generation.
Reply to David Amos
No, just providing some perspective for the "struggling" new generation.
Rusty Shackleford
Reply to Margie Anderson
In southern Ontario, even run down homes are out of reach, especially when factoring in they'll need $100k in repairs. You will spend 50% or higher on your mortgage and not have any money left at all for repairs and maintenance, which will no doubt be needed
In southern Ontario, even run down homes are out of reach, especially when factoring in they'll need $100k in repairs. You will spend 50% or higher on your mortgage and not have any money left at all for repairs and maintenance, which will no doubt be needed
Lisa Attwood
Reply to David Amos
Do you feel better for what exactly?
Ralph's home situation sounded a lot like ours many of the others we knew too.
Reply to David Amos
Do you feel better for what exactly?
Ralph's home situation sounded a lot like ours many of the others we knew too.
Stu Roger
What has the gov't done to help with the housing crisis in Canada you ask? NOTHING!!!!! Gov't protects the people with money and forgets about the younger generation who is pretty much screwed. Well done Canada!! The gov't could a lot more but chooses not too. If I was the younger generation i would plan a revolt!!
Margie Anderson
Reply to Stu Roger
Which level of government are you blaming? Housing is divided into Federal, Provincial and Municipal responsibilities.
Henry Hill
Reply to Stu Roger
What government bought me my house?
Albalita Star
Reply to Margie Anderson
Uh you forgot the most important responsibility....Personal...
Bob
Reply to Margie Anderson
It was the federal government that brought in two million people along with 450,000 international students.
Margie Anderson
Reply to Albalita Star
100% agree with you .... for once.
Bob
Reply to Margie Anderson
Then why do we have a federal minister of Housing?
Albalita Star
Reply to Margie Anderson
Ever figure out the CPP?...
Margie Anderson
Reply to Albalita Star
I don't have to. Where has the APP gone? Haven't heard a word about it in months.
Margie Anderson
Reply to Stu Roger
Most do not understand what each level of government is responsible for in housing. You must be one of those.
David Amos
Reply to Albalita Star
Did you?
David Amos
Reply to Stu Roger
I have always done my best to defend the rights and interests of the young ones amongst us They are our future and we invited them into this wonderful old world
What has the gov't done to help with the housing crisis in Canada you ask? NOTHING!!!!! Gov't protects the people with money and forgets about the younger generation who is pretty much screwed. Well done Canada!! The gov't could a lot more but chooses not too. If I was the younger generation i would plan a revolt!!
Margie Anderson
Reply to Stu Roger
Which level of government are you blaming? Housing is divided into Federal, Provincial and Municipal responsibilities.
Henry Hill
Reply to Stu Roger
What government bought me my house?
Albalita Star
Reply to Margie Anderson
Uh you forgot the most important responsibility....Personal...
Bob
Reply to Margie Anderson
It was the federal government that brought in two million people along with 450,000 international students.
Margie Anderson
Reply to Albalita Star
100% agree with you .... for once.
Bob
Reply to Margie Anderson
Then why do we have a federal minister of Housing?
Albalita Star
Reply to Margie Anderson
Ever figure out the CPP?...
Margie Anderson
Reply to Albalita Star
I don't have to. Where has the APP gone? Haven't heard a word about it in months.
Margie Anderson
Reply to Stu Roger
Most do not understand what each level of government is responsible for in housing. You must be one of those.
David Amos
Reply to Albalita Star
Did you?
David Amos
Reply to Stu Roger
I have always done my best to defend the rights and interests of the young ones amongst us They are our future and we invited them into this wonderful old world
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