Blog

Rent prices grew at record pace in last year as Canada saw lowest vacancy rate in decades

Posted On Jan 30, 2023

In a report released Thursday, the federal housing agency said the average rent for a two-bedroom purpose-built apartment, which it uses as its representative sample, grew 5.6 per cent to $1,258 compared with the previous 12-month period.

Continue to read on: CTV NEWS

Share this News

Find out what is your home worth in today's market

Get Started

FIND YOUR DREAM HOME

Get notified instantly of homes meeting your exact criteria

Get Started

CENTURY 21 HERITAGE GROUP LTD., BROKERAGE
Independently Owned & Operated

Contact

Direct: (647) 967-7793
Office: (905) 883-8300
Fax: (905) 883-8301
11160 Yonge Street , Richmond Hill , Ontario L4S 1H5

Connect With Us

The data analysis in this website is based on current and historical data and trends available from various local and national real estate bodies and authorities. It is intended to simplify the understanding and analysis of the real estate market data at a local level, for the purpose of comparing local market trends and property types, in order to help users approach their life's most important investment decision with greater confidence. Please note that the analysis represented here can only be as accurate as the data available to public, and that it may not represent the the actual market situation. We strongly recommend consulting with your REALTOR® when time has come to make your home buying/selling decision. By continuing to view the data and information provided on this website, you acknowledge that you have read and agreed with the Terms and Conditions. This website is not intended to replace professional real estate, financial, investment or legal advice. Though it has endeavored to provide the most accurate and timely information available, some of this information is complex and subject to rapid change. As a visitor to this website, you acknowledge and agree that any reliance on, or use of any information available on this website shall be entirely at your own risk. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. NOTE: The MLS benchmark price is to track price trends and consumers should be careful not to misinterpret index figures as actual prices. Benchmark properties are considered average properties in a given community and do not reflect any one particular property. Listings here do not represent all Toronto MLS® listings.
Properties Last Update UTC Time: 2025-04-06 12:05

Sign up and view all details

First Name*

Last Name*

Email*

Phone Number (being used as your password)*

Data Access Terms

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.

This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.

By accessing this data the consumer acknowledges entering into a lawful consumer-broker relationship with the website operator.

The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.

I accept the Terms & Conditions and Privacy Policy .