Asking rents rise in Vancouver as national average falls 3.2%
Canada's average asking rent was $2,036 in October, down 3.2 per cent from a year earlier. Vancouver and Toronto are moving the other way, according to a monthly rental report.
Reported by Vancouver Is Awesome, citing a Rentals.ca monthly report; full report pending.
Illustrative photoAsking rents are going up in Vancouver while the national average slips.
The average asking price for a rental unit in Canada was $2,036 in October, down 3.2 per cent from a year earlier, according to a monthly report from Rentals.ca. Rents are rising in both Vancouver and Toronto even as the national figure fell, Vancouver Is Awesome reported.
For Metro Vancouver renters, the drop in the national number does not describe the local market. Asking rents here are heading in the opposite direction.
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