Average asking rent in Canada up 7% from a year ago, even as price growth slows

The average asking rent in Canada reached $2,185 in June, up seven per cent compared with a year ago despite representing the slowest annual rate of growth in 13 months, according to a report by Urbanation and Rentals.ca.

Average asking rent in Canada up 7% from a year ago, even as price growth slows
A white sign outside of a highrise with Apartments, Waiting List printed on it.

The average asking rent in Canada reached $2,185 in June, up seven per cent compared with a year ago despite representing the slowest annual rate of growth in 13 months, according to a report by Urbanation and Rentals.ca.