By way of Body of workers
The Canadian Press
Posted September 10, 2024 1:41 pm
Up to date September 10, 2024 1:54 pm
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A brand new document says August condo charges fell in a few of Canada’s biggest and priciest markets to proceed a months-long development whilst costs rose in smaller markets.
The document from Leases.ca and Urbanation reveals the common Vancouver condo charge was once down six in keeping with cent from final yr to $3,116 for the 9th directly month of declines, whilst Toronto rents fell seven in keeping with cent to $2,697 for the 7th month of retreat.Rents had been additionally down moderately in Ottawa, Montreal, and for the primary time since February 2021 in Calgary.
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By contrast, a lot of different towns have observed double-digit will increase, together with a 22 in keeping with cent leap in Quebec Town to $1,705, an 18 in keeping with cent leap in Regina to $1,418 and a fifteen in keeping with cent building up in Gatineau, Que., to $2,054. Tale continues underneath commercial
Total, emerging rents in smaller markets outweighed the discounts within the greatest towns to go away asking rents in August up 3.3 in keeping with cent from final yr to $2,187.The document says the rise in hire was once the bottom annual upward push in virtually 3 years as condominium completions achieve their best overall in a long time whilst inhabitants enlargement and the labour marketplace weaken.
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