Business
Canada's Rental Market Sees First Year-over-Year Decline in Three Years
In October 2024, Canada experienced its first year-over-year decline in average asking rents in over three years. Nationwide, average rents fell by 1.2%, reaching $2,152. This decline was primarily observed in major urban centers like Toronto, Vancouver, Calgary, and Montreal, with Vancouver seeing a notable 8.4% drop.
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