Overall, 8 cities saw an upward trend, 3 downward, and 13 remained stable last month. While more than half of the total cities continued to have flat monthly growth rates, the cities that experienced an upward trend actually more than doubled when compared to the previous rent report. As the hot moving season begins, we should expect to see rents grow on a monthly basis.
The top 10 markets saw some slight adjustments with Barrie outpacing Victoria to rank in the top 5 markets again and St. Catharines jumping up 3 positions to rank in the top 10 as 9th.
Notably, Windsor had the fastest growing rent in the nation last month, up 5.3%, while Halifax and Kelowna took the largest rent dips, both down 3%.
Top 5 Most Expensive Markets