McMurray renting prices highest in nation

Fort McMurray rents are highest in the country and rising.

The Canada Mortgage and Housing Corporation’s spring Rental Market Survey shows average rent in the Wood Buffalo area in April 2013 has increased 6.8% to $2,229 per month for a two-bedroom apartment, the highest of any metropolitan or large census areas. With no new rental starts in the last year and increasing growth in employment, that number is not expected to drop any time soon.

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