What's going on Canada?
π Meta
πΊοΈ Provinces / Territories
ποΈ Cities / Regions
π Sports
Hockey
Football (NFL)
unknownFootball (CFL)
unknownBaseball
unknownBasketball
unknownSoccer
unknownπ» Universities
π΅ Finance / Shopping
π£οΈ Politics
π Social & Culture
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
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.
This. Nobody is actually paying $3,000, but the landlord needs to charge that much in order to welcome any new tenants to protect them 10 years down the line when they are forced to still charge a rent-controlled $3,000 even though a loaf of bread is now $100.