The entire staff and especially the guides seem to understand how exciting this experience can be for first-time visitors. The whole CN Tower experience is one of cool, clean efficiency (even the washroom facilities were modern and spotless). The provincial government has also made housing a key priority, vowing to build 1.5 million homes across Ontario over the next decade.I took my youngest son to the "Skypod" to experience the true magic of the CN Tower and we were not disappointed the views were spectacular and unforgettable. The agreements for the funds require municipalities to end exclusionary zoning practices and encourage apartment building around public transit. London is the first city to get money through the fund and the federal government said it would like to see the program fast-track at least 100,000 new homes across the country. Prime Minister, Justin Trudeau attended an event in London Wednesday where he announced $74 million from the federal Housing Accelerator Fund to build 2,000 more high-density homes in the city over the next three years. The latest report comes as housing continues to be a major priority locally and federally. This can be attributed to the country’s record-high population growth and sharp deterioration in homeownership affordability.” “Despite rental apartment completions in Canada over the past 12 months reaching their highest level since the 1970s, rent growth has remained exceptionally strong. “Over the last three-month period between May and August, asking rents in Canada have increased by 5.1%, or by an average of $103 per month,” the report states. While that may sound pricey to many, it's still cheaper than Vancouver, where the average asking price for a roommate sits at $1,773 per month.Īccording to the report, asking rents are up by more than $100 over the past three months nationally across all housing types. In Toronto the average rate for a roommate is now $1,302 a month. In Ontario, the average asking rent for a roommate went up to $1,040 a month, up $73 from last year. Those looking for a roommate are asking more too. They rose just around 1.2 per cent across one and two-bedroom apartments in Toronto compared to July, and actually dropped about 0.9 per cent across the same housing types in Vancouver in the same period. While Toronto and Vancouver remain the most expensive markets for apartment renters, month-over-month rent increases were actually below average in the two cities in August. Nationally, Vancouver still has the highest rent, with rent for a one-bedroom sitting just under $3,000 at $2,988 and rent for a two-bedroom sitting at $3,879.Īccording to the report, rental prices in Canada are up 1.8 per cent monthly and 9.6 per cent annually, reaching a record high of $2,117 in August. Rent for a one-bedroom apartment in Mississauga is up 15.3 per cent to $2,379, while the cost of a two-bedroom apartment in the city has jumped 18.4 per cent to $2,872. The price of a two-bedroom apartment in Brampton now sits at $2,650 per month, up 25.7 per cent from a year ago. In Brampton, the price of a one-bedroom apartment has skyrocketed 29 per cent compared to last year and now sits at $2,274 per month. Rental prices have also shot up in other parts of the GTA. Get the latest local updates right to your inbox.
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Download our app to get local alerts on your device.The price of an average two-bedroom apartment now sits at $3,413 per month, up 7.1 per cent from a year ago. Students renting a new apartment in Toronto for the school year may have been shocked to find rental prices have jumped by more than 10 per cent in the city compared to a year ago.Ī new report from rentals.ca says the average monthly rent for a one-bedroom apartment in the city jumped to $2,620 in August - up 10.5 per cent from August 2022.
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