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The average asking rent in Canada reached another record high of $2,078 in July. Rents increased 8.9% annually, the fastest pace of growth of the past three months. The 1.8% increase in average asking rents over June represented the fastest month-over-month growth of the past eight months.
Ads long as REITs have a guaranteed tax loophole built into their existence this is only going to get worse. Break up the REITs and enforce some rent control.