Ontario's Cost of Rent Rose More Than Most of Canada in July

Monday, 15 August 2022 12:08

By Linda Morgan

Latest National Rent Report shows Ontario ranked second last month in average rent cost.

ONTARIO - The cost of renting in Ontario rose more last month than in most other provinces.

According to the latest National Rent Report, rents in Ontario experienced a 3.1 percent monthly increase in July, and a 15.2 percent annual jump for all types of housing.

The average cost of rent in Ontario climbed to $2,332 last month, which is up from $2,262.

The report, which was released last week by Rentals.ca and Bullpen Research and Consulting, shows British Columbia was the only province to surpass Ontario.

British Columbia reported a 19 percent year over year increase.

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Ontario's Cost of Rent Rose More Than Most of Canada in July

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