August 2019 Canadian Rent Report

Overall, 5 cities experienced an upward trend last month, 4 downward, and 15 remained stable. Similar to the previous month’s report, more than half of the total markets were flat, which is surprising since it is hot moving season right now. Meanwhile, year over year growth rates told a different story as 11 cities experienced large, double digit growth rates. This suggests that while the Canadian market overall has gotten much more expensive in the past year, it seems either a price ceiling may have been hit in a lot of these cities, since they aren’t growing as much month on month, or the demand is is finally beginning to taper off.

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