That is how a lot the common hire in Ontario rose in July

The price of renting a house in Ontario rose greater than nearly each different province in Canada final month, in keeping with a brand new nationwide evaluation of on-line listings.

The most recent Nationwide Hire Report, launched this week by Leases.ca and Bullpen Analysis and Consulting, discovered Ontario ranked second in terms of the best common hire for every type of dwellings in July.

The one province that surpassed Ontario was British Columbia with a 19 per cent year-over-year enhance.

In Ontario, the common residential rental climbed to $2,332 a month in July, marking a 3.1 per cent month-to-month enhance and a 15.2 per cent annual bump.

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A LOCAL LOOK

General, the common hire in central Toronto rose 24 per cent year-over-year in July.

For a one-bedroom unit, hire sat at $2,257 in July, marking a 21.6 per cent year-over-year enhance in Toronto.

For a two-bedroom condo, that enhance climbed 25 per cent to $3,259.

The month-over-month common hire within the metropolis noticed a 4 per cent enhance for a one-bedroom and seven.8 per cent for a two-bedroom.

Whereas downtown Toronto is infamous for its costly rental items, three of its former townships, Etobicoke, North York and Scarborough, additionally noticed important hire will increase in July.

In Etobicoke, the common price of renting a one-bedroom unit reached $2,007 in July and $2,582 for a two-bedroom.

Yr over 12 months, that marks an 11.5 per cent enhance for a one-bedroom in Etobicoke and a 9.3 per cent enhance for a two-bedroom.

Over in North York, renters paid on common $1,913 for a one-bedroom final month and $2,469 for a two-bedroom suite.

Yr over 12 months, common month-to-month hire in July rose 14.6 per cent for a one-bedroom in North York and up 21.9 per cent for a two-bedroom.

Eastward, in Scarborough, the price of renting a one-bedroom was $1,635 in July. Hire for a two-bedroom unit got here in at $2,133.

Yr over 12 months, hire went up 3.1 per cent for a one-bedroom in Scarborough and 15.2 per cent for a two-bedroom.

The research discovered tenants in different components of the GTA are additionally paying considerably increased hire.

In Mississauga, a one-bedroom went for $1,862 final month, whereas the hire for a two-bedroom got here in at $2,394.

Yr over 12 months, hire rose 6.2 per cent for a one-bedroom in Mississauga and 12.4 per cent for a two-bedroom.

In Vaughan, a one-bedroom suite was $1,825 final month. Hire for a two-bedroom topped $2,396.

Yr over 12 months, that marks a 7.4 per cent enhance for a one-bedroom in Vaughan and 12.5 per cent for a two-bedroom. Month over month, common hire in Vaughan was up 5.6 per cent for a one-bedroom and up 8.1 per cent for a two-bedroom.

Brampton tenants paid $1,772 for a one-bedroom condo in July and $2,388 for a two-bedroom unit.

Yr over 12 months, hire elevated 13.8 per cent for a one-bedroom in Brampton and was up 33.2 per cent for a two-bedroom. Month over month, common hire in Vaughan was up 9.6 per cent for a one-bedroom and up 16.4 per cent for a two-bedroom.

Lastly, in Oshawa, the common price of renting a one-bedroom unit was $1,626 and $1,953 for a two-bedroom.

Yr over 12 months, that marks a 8.1 per cent leap for a one-bedroom in Oshawa and 16.8 per cent for a two-bedroom.

Exterior of the GTA, month-to-month hire inflation rose from 24 per cent to 26 per cent in London, Hamilton and Kitchener. 

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