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Canada's landlords now asking a record-breaking average of $2,078 per month: rental report (www.ctvnews.ca)
submitted 3 years ago by to c/canada@lemmy.ca
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According to a new report from Rentals, In July, the Canadian rental market hit a record high with an average asking rent of $2,078, marking an 8.9 per cent annual increase.

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[–] 1 point 3 years ago

Prices are already down over 20% and it IS a buyers market at the moment. The problem is that people don't have the funds so even though prices are down significantly there are now fewer buyers because people can't borrow. The elephant in the room is that wages need to come up.

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