Toronto’s housing plan could take years to improve affordability for renters: experts
Posted: Dec 20th, 2022In: ConstructionNewsToronto’s recently approved housing plan is a good step forward but it could take years before the increase in supply makes renting more affordable in the city, urban planners and experts say. Toronto city council[...]
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Renting increased by three times the rate of home ownership in last decade: RBC
Posted: Dec 12th, 2022In: ConstructionNewsTORONTO – Royal Bank of Canada economists say the country has reached a record number of renters as the number of people renting has increased at three times the rate of homeowners in the past[...]
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Average rents in Canada up 4.4% year over year
Posted: Feb 25th, 2022In: ConstructionNewsThe average rent for all Canadian properties listed on Rentals.ca in January was $1,807 per month, up 4.4 per cent annually and 1 per cent monthly, according to the Rentals.ca and Bullpen Research & Consulting[...]
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National rental price up 3% from last year, while vacancy rates hold steady: CMHC
Posted: Feb 18th, 2022In: ConstructionNewsCanadian tenants faced another year of affordability challenges as rents crept up nationally and were particularly high in Vancouver and Toronto. The findings from Canada Mortgage and Housing Corp.’s annual rental market report released Friday show the[...]
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