Toronto Renters Forum
Common Tenant Problems => Rent => Topic started by: Andy on January 26, 2023, 04:29:37 pm
-
Saw this on CTVNews website, and thought it was apropos...
Rent prices in Canada grew at a record pace last year as the country saw the lowest vacancy rate since 2001
"Lower vacancy rates and rising rents were a common theme across Canada [-] This caused affordability challenges for renters, especially those in the lower income ranges, with very few units in the market available in their price range."
The [vacancy rate] tightening was stark in [-] Toronto, which dropped from 4.4 per cent to 1.7 per cent.
Rent prices grew at record pace in 2022 as Canada saw lowest vacancy rate in decades (https://www.ctvnews.ca/business/rent-prices-grew-at-record-pace-in-2022-as-canada-saw-lowest-vacancy-rate-in-decades-1.6247833)