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.

More from Local News

Province Investing Against Invasive Species

The $2-million will help the Niagara region
Niagara Driver Charged with Drug Impairment

OPP say this happened on Highway 17, when a car was seen weaving all over the road
Welland Man Arrested for Child Porn

Police say they noticed child sexual abuse material shared on a social media page early this month
28 More Doctors Hired in Niagara

The region and Niagara Health coordinating new partnership to find even more doctors
Killed Police Officers Honoured by NRP

Police Chief praised Niagara members for standing at attention in 'pounding rain'
Niagara Wineries Shuttle Service Possible

The CUTRIC hopes the province supports helping people move among wineries
Canal Days Vendors Warned of Scams

The City of Port Colborne says criminals are sending fraud emails for payment
Niagara Falls Exploring Hub to Help Homeless

Former CAO Ken Todd has been meeting with community groups

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

Share

More from Local News