Average asking price for Canadian rental unit hits record high in June
A new report
says the average asking price for a rental unit in Canada reached a record $2,042 last month amid continued
interest rate hikes, population expansion and low unemployment.
TRREB: Competition Continues between Renters as Rental Listings and Rents Rise
Average condominium apartment rents continued to well outpace the rate of inflation in the second quarter
of 2023. Despite seeing an increase in the number of units listed for rent, competition between renters
remained very strong. This competition underpinned higher average rents.
TRREB: Condo Sales in the GTA Climb While New Listings and Prices Drop
Market conditions
in the condominium apartment segment tightened markedly in the second quarter of 2023. Sales were up strongly
on a year-over-year basis, whereas the number of new listings was down sharply. With more competition
between buyers, average condominium apartment selling prices should climb above last year’s levels
in the second half of this year.
TRREB: Lack of Listings Led to Tighter GTA Market Conditions in June
Home sales and
the average selling price in the Greater Toronto Area (GTA) in June 2023 remained above last year’
s levels. Seasonally adjusted sales dipped on a month-over-month basis. The seasonally adjusted average
selling price and the MLS® Home Price Index (HPI) Composite benchmark were up compared to the previous
month.
A series of charts summarizing key residential statistics for the GTA, including an affordability indicator
and time series for price, new listings and sales.
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