'Turning point': Rent prices should see relief this year, but markets still tight
- Average asking rents fell 3.2 per cent nationally to $2,109 in December year-over-year, marking a 17-month low.
- TD economist Rishi Sondhi predicts purpose-built rent growth will ease to a range of three to four per cent this year.
- October marked the first month in three years in which the asking rent for units across Canada fell, led by declines in the two most expensive cities: Toronto and Vancouver.
- Experts say the rental market across the country seems poised for a cool-down in 2025 as more supply opens up and some look to buy their first home.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left23Leaning Right2Center4Last UpdatedBias Distribution79% Left
Bias Distribution
- 79% of the sources lean Left
79% Left
L 79%
14%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
