Rents are still rising across Canada, but doing so at their slowest pace in the last 2½ years, according to a report released Wednesday by Rentals.ca and Urbanation. The national rent report data says asking rents for all residential property types averaged $2,201 in July, up 5.9 per cent from last year. The data is based … Read more
A new report by Statistics Canada shows the country’s total number of short-term rental listings increased by more than 60 per cent between 2017 and 2023, while the number of short-term rental units that could be used as long-term housing grew by more than 80 per cent. The report identified more than 100,000 short-term rentals that … Read more
Delta Air Lines is struggling to restore normal operations after last week’s crippling global cyber outage, cancelling over 5,000 flights since Friday. Delta on Sunday cancelled 1,250 flights beyond the 3,500 it had already scrapped after a software update by global cybersecurity firm Crowdstrike triggered system problems for Microsoft customers, including many airlines, on Friday. Delta … Read more
Anna Smith would like to start a family. But she would also like more space for a baby, as the 27-year-old and her partner currently live in a 500-square-foot apartment in Toronto’s east end for $1,550 per month. Like many Canadians in their 20s and 30s, she says she’s realizing she can’t have both. So Smith, a University of … Read more
Nikkie Miranda feels stuck and frustrated, weighing what she’ll have to sacrifice when her rent increases again this winter. Three years ago, when she moved into a two-storey, three-bedroom semi-detached home in southwest Edmonton, Miranda paid $1,650 per month in rent. Her rent later increased to $1,800 and will go up again to $1,950 when … Read more
The recent surge in newcomers is adding to inflation through housing demand, a senior Bank of Canada official said Thursday, warning rental and home prices could continue to rise without a boost to housing supply. In a speech in Windsor, Ont., deputy governor Toni Gravelle acknowledged many of the benefits coming from this rise in immigration, … Read more
